Bernie Sanders admitted that whilst a lot of people might like to think that congress regulates wall street “the truth is Wall Street regulates congress”.
He wants the large financial institutions to start investing in the real economy and for Wall Street to lend money to businesses rather then have them continue invest in risky bets that threaten the entire economy.
He’s also pushing for the return of the glass-steagall act – a law that was into place in 1933 that imposed heavey banking reforms on the banks but was repealed in 1999 by President Bill Clinton.
You can check out the full interview with Bernie Sanders by watching the video below:
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