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   theaveeditor #

   04.06.2016 14:18

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   Here are some expert views on how Bernie was right on the mark:

   Economist Dr. Dean Baker, Center for Economic and Policy Research:
   When asked how he would break up the big banks Sanders said he would leave that up to the banks. That’s exactly the right answer. The government doesn’t know the most efficient way to break up JP Morgan, JP Morgan does. If the point is to downsize the banks, the way to do it is to give them a size cap and let them figure out the best way to reconfigure themselves to get under it.

   Zach Carter, The Huffington Post:
   The legal landscape he describes is basically correct and not embarrassing to anyone who actually understands it. Everybody who studies this thinks the best way to break up the banks is to set a size threshold and make the banks do it. There is and never has been any need for the government to detail what the banks should do.

   Peter Eavis, The New York Times:
   Breaking up the banks would involve arcane and complex regulatory moves that can trip up any banking policy wonk, let alone a presidential candidate. But, taken as a whole, Mr. Sanders’s answers seem to make sense. Crucially, his answers mostly track with a reasonably straightforward breakup plan that he introduced to Congress last year.

   Mike Konzcal, The Roosevelt Institute:
   Sanders has a clear path on how he wants to break up the banks which he described. Breaking up the banks doesn’t require, or even benefit from, describing the specifics on how the banks would end up, neither for his plans or the baby steps Dodd-Frank has already taken.

   Thanks!