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The Vermont senator and former presidential candidate is taking on “Too Big to Fail” by proposing to break up large firms such as JPMorganChase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.
Without much fanfare, U.S. Senator Bernie Sanders, an independent representing Vermont, and U.S. Representative Brad Sherman, a Democrat from California, have introduced legislation before Congress that, if passed, would break up six of this country’s largest institutions by putting a cap on their size. As proposed, the bill’s main thrust is a limit on how...
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