Democratic presidential hopeful Bernie Sanders will pledge to break up the country’s largest financial institutions within the first year of his administration if he is elected president next November, according to The Fresno Bee.
Although Vermont Senator Sanders has not made that promise formally yet, it is expected to be included in a a rare policy address that he is scheduled to deliver in Manhattan on Wall Street reform on Tuesday. Wall Street reforms are one of the key areas Sanders hopes to address during his campaign for the Democratic nomination against Hillary Clinton, reports The Washington Post.
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In his address, Bernie Sanders will pledge to create a “too-big-to-fail” list of companies within the first 100 days of his administration, according to excerpts from his speech released by his campaign, some of which is mentioned below.
“A handful of huge financial institutions simply have too much economic and political power over this country.
If a bank is too big to fail, it is too big to exist. When it comes to Wall Street reform, that must be our bottom line.
Greed is not good. And, here is a New Year’s Resolution that we will keep: If you do not end your greed, we will end it for you.”
