Bernie Sanders has been a busy guy. Last Wednesday, April 29, 2015 he officially announced his candidacy for POTUS. Since then he’s raised over $3million dollars, over 185,000 volunteers and–walking the walk–he’s introduced a bill to break up the big banks. And not even a week has passed.
That’s right, in less than a week Bernie Sanders has completely obliterated his GOP “competition” in terms of fundraising and people are falling all over themselves to volunteer in his campaign. And, unlike his GOP competitors he is introducing legislation that is good for all of America. Which, like his GOP competition, benefits his donors. But in Bernie’s case his donors are not billionaires and corporations. They are people that are having a hard time making ends meet. They are the majority of America. And they want a President that works for them.
According to Huffington Post, also in this past week, Bernie Sanders has hired:
- Scott Goldstein who ran President Obama’s 2008 social media and mobile programs
- Arun Chaudhary, who was the first official White House videographer
- Shauna Daly, who served as deputy research director on President Obama’s 2008 campaign
- Walker Hamilton, who was lead programmer for President Obama’s 2008 campaign
Since Bernie Sanders’ campaign is based on the people and not the corporations he is relying on them for donations. So far, over 75,000 people have donated and over 99% of those donations have been less than $250.
Bernie Sanders has often been quoted as saying:
If an institution is too big to fail, then it is too big to exist.
True to this sentiment on April 5, Sanders introduced a bill that would require the Financial Stability Oversight Council to compile a list of institutions that are “too big to fail.” Or, in other words, rely on taxpayers to bail them out when their unsustainable practices force them over a cliff. Bernie Sanders is walking The Walk.
Within a year of the bill being signed into law, the Treasury Secretary (and Bernie Sanders favors Robert Reich for that position) would be required to break up those firms. These firms would also be prohibited from using any customer funds for risky or speculative activities on financial markets.
Massachusetts Senator Elizabeth Warren is also very vocal in her support of breaking up the big banks. And, according to Huffington Post, so is Tom Hoenig at the FDIC (Federal Deposit Insurance Corporation).
However, since Republicans have the majority in both the House and the Senate, they likely won’t pass this bill since it is in favor of the people and not their corporate overlords.
While this isn’t the first time Bernie’s introduced legislation to do such a thing, with his blazing rise to prominence he and his proposed legislation are finally getting some of the attention they deserve.
He’s probably laughing at those who haven’t been taking him seriously and saying to himself, “Can you hear me now?”
To learn a little more about Bernie Sanders, WATCH this brief CNN interview:[youtube http://www.youtube.com/watch?v=nVYFQl54rXU?feature=player_detailpage&w=640&h=360]
Featured image from Ready For Bernie.