Bernie Sanders's breakup wouldn't fix Wall Street Bloomberg [View all]

[NCTraveler]

In some quarters of the Democratic Party, apparently, it's no longer enough to call for the breakup of the big banks: You have to pledge to do it faster than your rivals. That may explain Bernie Sanders's promise on Tuesday to "break 'em up" within his first year in office.

This is hardly a model of thoughtful policymaking. For one, the government is not the best judge of how financial institutions could be efficiently divided. Beyond that, even smaller and more focused institutions can cause a lot of damage, as the 2008 demise of Lehman Brothers (a pure investment bank) and the savings and loan debacle of the 1980s eloquently demonstrate. A common factor was their inability to handle losses.

http://www.chicagotribune.com/news/sns-wp-blm-bg-editorial-sanders-20b0d4f2-b548-11e5-8abc-d09392edc612-20160107-story.html

Sanders is starting to get more press coverage. Unfortunately, this is what it looks like when you are a Democrat. It's a great day to be a part of the Democratic Party.