Bernie Sanders vows to get tough on Wall Street if he’s elected president.
“Greed is NOT good. In fact, the greed of Wall Street and corporate America is destroying the very fabric of our nation, and here is a new year’s resolution that I will keep if elected president of the United States […] If Wall Street does not end its greed, we will end it for them.”
Bernie Sanders continued in his rampage, explaining that after three decades of paying beaucoup bucks to get lawmakers to deregulate the investment and banking industries, We The People are finally starting to take notice.
“The American people are catching on, they understand that there is something profoundly wrong, when in our country the top 1/10th of 1 percent owns more than the bottom 90 percent. They know that the system is rigged when the average person is working longer hours for lower wages, and yet […] executives on Wall Street have extraordinary power over the economic and political life of our country.”
Bernie Sanders also rails against a financial and economic system in which young people of color keep getting murdered and imprisoned for minor crimes — often for no crimes at all — while Wall Street executives get to game the system and get off Scot free for their psychopathic behavior and criminal acts.
“We live in a country today that has an economy that is rigged, a campaign finance system that is corrupt, and a criminal justice system that too often does not dispense justice.”
If he gets elected, the Senator from Vermont vows to do the following immediately in order to curb Wall Street’s powers
- Nominate and appoint people with a track record for standing up for people, not Wall Street CEOs. The Big Banks will NOT be represented in Sanders’ administration.
- Use every means at his disposal to reign in Wall Street … And if this sounds like a pipe dream, remember: Wall Street bankers and CEOs have not been punished to the full extent of our law for their crimes, but Bernie Sanders as president has the power to change that through the attorney general he appoints.
And, as Bernie Sanders recites a long list from news headlines over the past few years, it suddenly becomes glaringly obvious that the crimes of Wall Street’s executives are appalling. Seriously, these crimes include all manner of seamy vileness that we associate more with Tony Soprano or characters from The Wire than with Masters of the Universe in suits, such as: Rigging currencies, fixing precious metal prices, mortgage fraud, fraud conspiracy, laundering billions for Mexico’s drug cartels, and illegally foreclosing on the homes of 4,000 military families.
No wonder Sanders’ colleague Sen. Elizabeth Warren’s so appalled that not a single Wall Street banker is serving time in jail.
Furthermore, Bernie Sanders also plans to push for a tax on Wall Street speculators to encourage productive investments in a job-creating economy and to make public universities tuition-free. Sanders also vows to do the following within the first 100 days.
- Require the Secretary Treasurer to create a “Too Big to Fail” list.
- Break up the institutions on the list so these Wall Street banking behemoths no longer pose such a grave threat to the economy.
- Reinstate a 21st century Glass-Steagall Act to clearly separate commercial banking, investment banking, and insurance services.
In closing, Sanders declares:
“If elected president, I will reign in Wall Street so they cannot crash our economy again; Will the folks on Wall Street like me? No. Will they begin to play by the rules if i am president? you’d better believe it.”