Bernie Sanders asks if Wall Street is necessary
Bernie Sanders wants to break up big Wall Street banks.
On Monday -- mere hours before the decisive New York primary -- he went a step further and questioned whether Wall Street is necessary to grow the economy.
"How are we going to create wealth without Wall Street?...I think we can," he said on CNN's morning show "New Day."
Sanders has been clear that he thinks the big banks are hurting America in their current form. He has slammed them for being "greedy" and "fraudulent" since the first day of his campaign (and even before announcing his White House bid).
He thinks Wall Street has too much power, and the way to change that is to make banks like J.P. Morgan Chase (JPM) and Citigroup (C) smaller. But he's been criticized by rival Hillary Clinton and others for not being able to talk details on policing Wall Street.
READ MORE: http://money.cnn.com/2016/04/18/investing/...
On Monday -- mere hours before the decisive New York primary -- he went a step further and questioned whether Wall Street is necessary to grow the economy.
"How are we going to create wealth without Wall Street?...I think we can," he said on CNN's morning show "New Day."
Sanders has been clear that he thinks the big banks are hurting America in their current form. He has slammed them for being "greedy" and "fraudulent" since the first day of his campaign (and even before announcing his White House bid).
He thinks Wall Street has too much power, and the way to change that is to make banks like J.P. Morgan Chase (JPM) and Citigroup (C) smaller. But he's been criticized by rival Hillary Clinton and others for not being able to talk details on policing Wall Street.
READ MORE: http://money.cnn.com/2016/04/18/investing/...
Smaller banks and bigger government. How obscene.