Bernie Sanders "Break up too big to fail financial institutions" William K Black

Reforming Wall Street - Bernie Sanders They control 95% of all derivatives and hold more than 40% of all bank deposits in the United States. We must break up too-big-to-fail financial institutions. Banking expert Bill Black joins the Bernie Sanders campaign Among others, Black exposed the Keating Five, five senators were involved in doing favors for savings and loans in exchange for contributions. Charles Keating, the chairman of Lincoln Savings & Loan along with Sen. John McCain was one of those senators Black exposed. Keating and the rest of the senators, were reprimanded but otherwise unpunished. President Bill Clinton signed the Gramm-Leach-Bliley Act in 1999, which repealed the Glass-Steagall Act and further deregulated banking institutions.




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