Bernie Sanders: Risky Financial Instruments
on Thursday, December 17, 2015Bernie Sanders Money Quotation saying any bank considered too large to fail should be broken up and investment activities curtailed. Bernie Sanders said:
“In my view, if a bank is too big to fail, it is too big to exist. Wall Street cannot continue to be an island unto itself investing trillions in risky financial instruments” — Bernie Sanders
In this quote, Bernie Sanders highlights the vast disparity in wealth concentration in the United States. He notes that the collective net worth of just the richest 400 individuals is over $2.2 trillion, which exceeds the combined wealth of the bottom 150 million Americans – nearly half the population.
Sanders appears to be drawing attention to the issue of economic inequality by pointing out that a very small fraction of people at the top hold a greater amount of wealth than millions of families and individuals across the lower and middle classes combined.
The quote suggests Sanders believes wealth inequality has reached extreme levels in America, with a tiny minority controlling a disproportionate share of the nation’s total assets and resources.
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