Elizabeth Warren, Bernie Sanders, and financial stability

Elizabeth Warren continues to warn that another financial crisis may be in the making as big financial companies are able to influence laws shifting large risks onto the taxpayer:

Bernie Sanders also is worried that the big banks have too much influence over policy:

“Over the last several days, it has become abundantly clear that Congress does not regulate Wall Street but Wall Street regulates Congress,” Sanders said. “If Wall Street lobbyists can literally write a provision into law that will allow too-big-to-fail banks to make the same risky bets that nearly destroyed our economy just a few years ago, it should be obvious to all that their incredible economic and political power is a huge danger to our economy and our way of life.”

Sanders said, “Enough is enough…. If Congress cannot regulate Wall Street, there is just one alternative.  It is time to break these too-big-to-fail banks up so that they can never again destroy the jobs, homes, and life savings of the American people.”

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