too big to fail
Bernie says the banks are too powerful so we need to break them up and reinstitute Glass-Steagall, the depression era legislation that separates high-risk investment banking from staid commercial banking.
In a TMFS sketch, the lack of credible living wills for too-big-to-fail banks, including Bank Of America, Goldman Sachs, Morgan Stanley, JP Morgan Chase, is defended by a hedge fund executive.
Too Big To Fail is alive and well.
And just a few days ago, he flubbed the history of the financial crisis.
Because it went so well the last time we let our too-big-to-fail institutions make their own rules.
"Bank black, bank small and bank local."