| Subject: | Goldman Sachs |
|---|---|
| Date: | Wed, 13 May 2015 19:14:17 +0000 |
| From: | Bernie Sanders <Bernie@BernieSanders.com> |
| Reply-To: | Bernie@BernieSanders.com |
| To: | Steven Greenberg |
Dear Steven,
It's time to break up the
banks.
The greed, recklessness, and
illegal behavior on Wall Street drove this country into the
worst recession since the Great Depression. Their casino-style
gambling has helped divert 99 percent of all new income to the
top one percent. And it has contributed to the most unequal
level of wealth and income distribution of any major country on
earth.
In the midst of all of this
grotesque inequality sits a handful of financial institutions
that are still so large, the failure of any one would cause
catastrophic risk to millions of Americans and send the world
economy into crisis.
If it's too big to
fail, it's too big to exist. That's the bottom line.
I introduced legislation in
Congress that would break up banks that are too big to fail.
Can you sign on as a citizen co-sponsor of my bill to show
your support?
Banking should be
boring. It shouldn't be about making as much profit
as possible by gambling on esoteric financial products. The goal
of banking should be to provide affordable loans to small and
medium-sized businesses in the productive economy, and to
Americans who need to purchase homes and cars.
That is not what these
financial institutions are doing. They're instead creating an
economy which is not sustainable from a moral, economic, or
political perspective. It's a rigged economy that must
be changed in fundamental ways.
Let's be clear who we're
talking about: JPMorgan Chase, Bank of America, Citigroup,
Goldman Sachs, Wells Fargo, Morgan Stanley, and other
institutions; they're all too big to fail. So they must be
broken up.
Wall Street can't be an island
unto itself separate from the rest of the productive economy
whose only goal is to make as much money as possible. I fear
very much that the financial system is even more fragile than
many people may perceive.
Millions of Americans are
working longer hours for lower wages, while virtually all new
income goes to the people who need it the least. In fact, the
top 14 wealthiest people saw their wealth grow more last year
than the bottom 130 million have in total.
We must break this
cycle to save the middle class in America. Can you show your
support for my bill to break up the banks?
I'm running for President of
the United States because I believe that it is incumbent on us
to try to take back our country from the billionaires and make
it thrive again for the working and middle class. Breaking up
the banks is a critical part to making that a reality.
Thank you for all of your
support.
Senator Bernie Sanders
