By Betsy L. Angert
April 25, 2010, the day before the scheduled Senate vote. The subject, a debate financial reform
On April 25, 2010, a day before a vote that would decide whether the Senate would debate financial reform, Senator Bernie Sanders spoke of the oft-stated belief, some enormous economic engines are to “Too Big To Fail.”
Senator Sanders presented the numbers beginning with the big four (4). Bernie Sanders bellowed, there are 4 major banks in our country. These are Bank of America, Wells Fargo, JP Morgan Chase, and CitiGroup. Many in the audience might have recalled that three of these Tapped the Fed for Financing in August 2007.
By Aaron Swartz, Stephanie Taylor and Adam Green
Last night, Sen. Bernie Sanders (I-VT) shocked Wall Street and the DC establishment by announcing a “hold” on the nomination of Bush’s Federal Reserve Chair Ben Bernanke for another 4-year term at the helm of our economy.
This is huge. Wall Street will not be happy, and they’ll go after Sanders with everything they’ve got. Most senators wouldn’t even consider going up against them like this. That’s why Bernie Sanders is a real progressive hero.
Posted in Economy Economics, Neoliberalism, NWO, Obama and Company, Resistance
Tagged banksters, bernanke nomination on hold, class war, economy, federal reserve, Neoliberalism, senator bernie sanders