Oct 4, 2018 - Podcasts
Podcast: Breaking up big banks
Dan is joined by Rep. Brad Sherman (D-CA), who yesterday joined Sen. Bernie Sanders (D-VT) in introducing new legislation that would break up "too big to fail" banks like J.P. Morgan and Wells Fargo.
"This won't become law anytime soon... but it's the sort of populist message that Democrats might use heading into the midterms, particularly after Sanders and his fellow left-wingers had success in getting Amazon to increase its minimum wage to $15 per hour. At the very least, it reminds Wall Street that not all of D.C.’s regulatory zeal is aimed at Silicon Valley."