Senator Sanders Unfiltered: Real Financial Reform, Now!

http://facebook.com/senatorsandersunfiltered As a member of the
House Financial Services Committee, this is what I said on the
floor of the House in 1999 as I voted against the major bank
deregulation bill: This legislation, in its current form, will do
more harm than good. It will lead to fewer banks and financial
service providers; increased charges and fees for individual
consumers and small businesses; diminished credit for rural
America; and taxpayer exposure to potential loses should a
financial conglomerate fail. It will lead to more mega-mergers; a
small number of corporations dominating the financial service
industry; and further concentration of economic power in our
country. Frankly, it didnt take a PhD in finance to reach that
conclusion. If you give unlimited license to Wall Street
speculators, no one should be surprised when the result is greed on
steroids. As a result of that reckless behavior by Wall Street,
millions of Americans today have lost their jobs, health care and
homes. Our country continues to struggle through a disastrous
recession. Disgust at Wall Street is profound. Americans demand
real changes in how Wall Street functions. Congress must deliver.