Presidential candidate U.S. Sen. Bernie Sanders (I-Vt.) wants Wall Street to pay off $1.6 trillion in student debt via new taxes on securities transactions. Sanders, U.S. Rep. Pramila Jayapal (D-Wash.) and U.S. Rep. Ilhan Omar (D-Minn.) launched a bill, the College for All Act, on June 24 that would pay off student loan debt by… Read More >>
Sanders Bill Would Break Up Six Major Banks
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… Read More >>
A Wish List for the Presidential Debates
Now that the smoke is clearing from the U.S. presidential primary battles and we have two clear winners, let me offer a few suggestions to the presumptive nominees Donald Trump for the Republicans and Hillary Clinton for the Democrats. (Bernie, please exit while you still have your dignity.) This is a wish list of Wall… Read More >>
Bernie Sanders Joins Trump Campaign
After several secret overtures, real estate mogul and self-declared King of America, Donald J. Trump has apparently seduced U.S. Senator Bernie Sanders into the joys of capitalism and the former sappy socialist from Vermont is begging forgiveness from “yuge” Wall Street behemoths. In a major rally today outside of the New York Stock Exchange, the… Read More >>
Wall Street Profits and Bonuses for 2015 Not So ‘Yuge’
Perhaps the mixed news from the New York State Comptroller’s office will make Bernie Sanders happy as the candidate for the Democratic Party presidential nomination has been rallying his troops behind an anti-Wall Street message. In particular, Uncle Bernie been decrying the “yuge” bonuses that CEOs at Wall Street firms are accruing. But it looks… Read More >>
Wall Street Sharpens the Hillary vs. Bernie Clash
The Democratic front-runner for the presidential nomination Hillary Clinton has hit a big political snag because of her connections to Wall Street. This became painfully clear during the televised debate on Thursday, Feb. 4, on the eve of the New Hampshire primary on Tuesday, Feb. 9. To recap, Clinton’s opponent (former?) socialist/independent and now-Democrat-shouter U.S…. Read More >>
News Analysis: Bernie Sanders’ Wall Street Reforms Lack Specifics
On the campaign trail for the Democratic presidential nomination, candidate Bernie Sanders has been hammering away at Wall Street and its impact upon the economy, calling for the return of the Glass-Steagall Act, the breakup of large banks, and other reforms that he says go further than the Dodd-Frank Act. However, the proposed changes from… Read More >>
Hillary Clinton Takes On Wall Street — Or Does She?
As the 2016 race for the presidency heats up, Wall Street and its many sins are back in the spotlight. Politicians on the left are tripping over each other to find the right words to help them get as many votes as possible. Some of those words from Democratic Party candidates for the presidential nomination… Read More >>
Will Democrats Rip Apart Banks via a New Glass-Steagall Act?
The race for the presidential nomination among the Democrats is taking shape as front runner Hillary Clinton is facing challenges on the left from U.S. Senator Bernie Sanders from Vermont and former Maryland governor Martin O’Malley, particularly on the issue of ripping apart banks that are deemed “too big to fail.” Sanders and O’Malley, in… Read More >>
