The independent, socialist Senator from Vermont tells the New York Times that the four biggest banks in the U.S. (BofA, Wells Fargo, JPMorgan and Citi) must be broken up; that banks most definitely should not have the right to "do credit default swaps and bet on whether oil prices are going to go up or down" with FDIC-backing; that more transparency at the Federal Reserve is needed; that the "SEC's charges against Goldman Sachs are only the beginning"; and that "the political outcome will be that the credibility of Wall Street will be zero."
He adds that "what [Wall Street has] done is take any action that they possibly can, legal or illegal, reckless or not, in order to make a quick buck. The damage that they have done to our economy and the world economy is incredible."
It's hard to argue with that.
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