Yeahbut..........are they DEMOCRATIC socialists? Cause....it's different.
Bernie is a raving maniac - he wants to dissolve all the big banks, but when asked what happens after - he says "That's their problem"
The Wall ain't nuthin' compared to Bernie's plans, you'll all be living in squatter's huts slopping government owned pigs in Bernie's socialist utopia.
Bernie's Wackiest ideas
Breaking up big banks might sound like good idea if one subscribes to knee-jerk, emotion-based actions, but the laws of economics suggest that Sanders' proposal would result in economic catastrophe.
It's unclear how regulators would split up, say, JPMorgan Chase, which got bigger after the crisis because the U.S. implored it to absorb Bear Stearns (ditto for Bank of America, which acquired Merrill Lynch and Countrywide). If regulators divided the bank into commercial and investment banking halves, how would they disentangle the interwoven asset and liability threads around the globe? Millions of contracts would have to be renegotiated. Lines of credit might have to be terminated because smaller banks can't afford to finance them.
Using the brute force of government to divide big banks could so destabilize the financial system it might invite another crisis. Would the New York clearinghouse, which is operated by the largest banks to process trillions of dollars in daily payments, continue to work, for example? Would multinational corporations, which rely on global U.S. banks for payroll, short-term credit, bond issuance, currency exchange, hedging needs and many other services, have to switch to foreign banks if smaller U.S. banks can no longer afford to operate globally?
http://www.dailywire.com/news/2774/here-are-bernie-sanders-top-10-wackiest-ideas-aaron-bandler
