Bernie Sanders, He the Man!

Sanders Presses Clinton on Her Views on Banks by "pointedly asking whether the Democratic presidential front-runner would support measures to break up the country's largest financial institutions and re-instate a firewall between commercial and investment banking."  While Hillary speaks with platitudes regarding wages, employment and opportunity, Bernie has hit to the crux of the matter which is that finance today is the giant trust that needs chopping apart just like TR did at the height of the last gilded age. The break up of Standard oil in 1911 was good for its stockholders and for the economy. Breaking up today all financial institutions into pieces that control assets representing just one percent of gross national product would have the same salutatory effect.  J P Morgan Trust for example controls assets of 1.7 trillion or one tenth of U.S. GDP, so it should be required to split into ten units to be less than too big to fail.  Even more egregious is Blackrock with $4.4 Trillion under management, that would be a  break up into 26 units. Not only would this policy reduce systemic risk for the country but it would be good for the economy so that financial decisions are made by many versus the few in our current gilded age.