from Western Journalism:
A bill proposed by Sen. Bernie Sanders, I-Vt., would require the biggest banks in the nation to dissolve. Sanders is challenging former secretary of state and first lady Hillary Clinton for the 2016 Democratic presidential nomination.
The “Too Big to Fail, Too Big to Exist Act” would mandate the dissolution of J.P. Morgan Chase, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley within one year of the bill’s enactment, according to a summary.
It would also require the creation of a “Too Big to Fail List” of banks who “pose a threat to the financial system.”
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