Tag: big banks

Hillary Clinton won’t propose reinstating a bank break-up law known as the Glass-Steagall Act and this just might be the biggest mistake in her presidential campaign. Is Clinton still too close to Wall Street?

When a big Wall Street bank pleads guilty to criminal felony charges committed, there seems to be no punishment that fits the crime. When real people plead guilty to felonies they go to jail, but nobody involved in bank crimes will see a day behind bars. Fair?

If the government really believes that banks like JP Morgan Chase, Goldman Sachs, Morgan Stanley, Citibank and Wells Fargo are “too big to fail” because prosecuting their chief executives could lead to a new financial crisis, then those institutions are simply too big to allow to exist.