2016 Postmortem
In reply to the discussion: I don't trust Bernie [View all]lovemydog
(11,833 posts)Hillary's plan better. However, breaking up the biggest banks would not put your retirement savings at risk. The assets of big banks are insured and reinsured. The banks that would be broken up would still be insured by the FDIC. He's not talking about seizing their assets and using the cash reserves for some other purpose.
The idea behind breaking up the biggest banks is because they are monopolies. It's to protect your savings by making them less at risk, not more at risk. And to allow credit unions and banks that charge lower interest rates to have a better chance to thrive. And to prevent banks from commingling investment banking with more traditional banking. So the public won't have to bail them out and will be less likely to be screwed by them.
Just thought I'd throw in my two cents on that one issue. Hope you enjoy a good week.