Sanders points out: “Three out of the 4 largest financial institutions (JP Morgan Chase, Bank of America and Wells Fargo) are nearly 80 percent bigger than before we bailed them out. Incredibly, the six largest banks in this country issue more than two-thirds of all credit cards and more than 35 percent of all mortgages. They control more than 95 percent of all financial derivatives and hold more than 40 percent of all bank deposits. Their assets are equivalent to nearly 60 percent of our GDP. Enough is enough.”
Bernie Sander’s Plan to Tame Wall Street Riles Team Clinton
Posted in Finance & Economics, Policy & Politics and tagged Bubble Finance, Crash, Crony Capitalism, Economics, Economy, Finance, Financial Flim-Flam, Politics, Public Policy, US.