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Taibbi: Chatting With Bernie Sanders About a Looming Financial Crisis

Taibbi: Chatting With Bernie Sanders About a Looming Financial Crisis

Ten years ago, George W. Bush signed into law the Troubled Asset Relief Program, better known as the Tarp bailout. The rescue forked over $700 billion of taxpayer money to bail out giant Wall Street banks that were already too big, and were about to get bigger.

On Wednesday, Sen. Bernie Sanders (D-vt) and Rep. Brad Sherman (D-ca) introduced new legislation on Tarp’s anniversary. It is aimed at the central, still-unaddressed issue of the last disaster: the ungovernable size of the country’s biggest banks.

Dubbed the “Too Big to Fail,

See full article on Rolling Stone