Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
2016 Postmortem
In reply to the discussion: Who are these "130 economists" that endorse how Bernie pays for his proposals? [View all]Motown_Johnny
(22,308 posts)10. Is English not your first language?
They are supporting his plan to regulate Wall Street.
Why do you think that will cost $18 trillion?
If you have trouble with this letter then maybe try a translation program.
http://www.occupydemocrats.com/2016/01/14/170-top-economists-pen-letter-backing-bernie-sanders-plan-to-break-up-the-biggest-banks/
^snip^
In our view, Sen. Bernie Sanders plan for comprehensive financial reform is critical for avoiding another too-big-to-fail financial crisis. The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment from commercial banking, must be enacted. Wall Streets largest banks are now far bigger than they were before the crisis, and they still have every incentive to take excessive risks.
No major Wall Street executive has been indicted for the fraudulent behavior that led up to the 2008 crash, and fines imposed on the banks have been only a fraction of the banks potential gains. In addition, the banks and their lobbyists have succeeded in watering down the Dodd-Frank reform legislation, and the financial institutions that pose the greatest risk to our economy have still not devised sufficient living wills for winding down their operations in the event of another crisis.
Secretary Hillary Clintons more modest proposals do not go far enough. They call for a bit more oversight and a few new charges on shadow banking activity, but they leave intact the titanic financial conglomerates that practice most shadow banking. As a result, her plan does not adequately reduce the serious risks our financial system poses to the American economy and to individual Americans. Given the size and political power of Wall Street, her proposals would only invite more dilution and finagle.
The only way to contain Wall Streets excesses is with reforms sufficiently bold and public they cant be watered down. Thats why we support Senator Sanderss plans for busting up the biggest banks and resurrecting a modernized version of Glass-Steagall.
Edit history
Please sign in to view edit histories.
111 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Who are these "130 economists" that endorse how Bernie pays for his proposals? [View all]
MaggieD
Mar 2016
OP
Heard of Google? It's an internet thingy where you can go look stuff up. Try it. Learn somthing f
pdsimdars
Mar 2016
#73
Well, it sounds like that "these people" are confusing Bernie for Republicans. I'm sure that even
desmiller
Mar 2016
#82
I found this online ... I'm not sure if this is what you're looking for or not.
NurseJackie
Mar 2016
#72
Here is the link to the list. Try google next time before acusing someone of lying.
Vattel
Mar 2016
#24
lol, you are so dishonest that you cant admit that the list to which he referred exists.
Vattel
Mar 2016
#29
It's a list of 134 people that explicitly sign on to a statement that says, among other things,
Vattel
Mar 2016
#42
No, he didn't misspeak. The list of 134 contains both economists and healthcare experts.
Vattel
Mar 2016
#66
...and it's been documented that they don't have an economic analysis that stands up....
Sancho
Mar 2016
#67
No, the OP asks for the economists that have analyzed the data and agree with the plan...
Sancho
Mar 2016
#69
The lie is not that the list exists....the lie is what they say the cost is....
Sancho
Mar 2016
#100
Some people refuse to be budged from a position and never let reality get in the way.
guillaumeb
Mar 2016
#81