Bernie Sanders’s claim that Glass-Steagall banned commercial bank loans to ‘shadow banks’

[underthematrix]

Before commenting, please read the entire article. The article focuses on the veracity of specific claims Bernie made in his January 2016 economic policy speech regarding a Glass-Steagull ban on commercial bank loans to shadow banks.

Here's the link: https://www.washingtonpost.com/news/fact-checker/wp/2016/01/11/bernie-sanderss-claim-that-glass-steagall-banned-commercial-bank-loans-to-shadow-banks/

If I put this in the wrong place, I'm happy to remove it.

[MeNMyVolt]

1. Right place. A very good DUer tried to get this out yesterday.

SBS supporters had dick to refute, so it sank.

[riversedge]

2. Sanders rates Three Pinocchios which is Mostly False.

Three Pinocchios
pinocchio_3

Significant factual error and/or obvious contradictions. This gets into the realm of “mostly false.” But it could include statements which are technically correct (such as based on official government data) but are so taken out of context as to be very misleading. The line between Two and Three can be bit fuzzy and we do not award half-Pinocchios. So we strive to explain the factors that tipped us toward a Three.

[99Forever]

3. So, is this or is it not a hit piece on Senator Sanders?

Before I waste my valuable time reading it, I demand a yes or no answer. If it is and you are honest enough to say yes, then I'll just trash the thread. If you say no and it is, then all bets are off.

[underthematrix]

4. You should spend your valuable time someplace other than this thread

[99Forever]

5. So it's a hit piece.

Thanks for your honesty.

Bu bye.