Skip to content

Subscriber Only

Bernie Sanders Wants to Break Up Big Banks. Here's Why

Eight years after the financial crisis, the debate is still hot -- and now fodder for presidential campaigns.

Bloomberg business news — Too Big to Fail Is Still Very Alive, Here's Why

By

February 2, 2016, 3:31 PM UTC

You might think people would have forgotten, but Americans are still upset about the 2008 bailouts of U.S. banks and the economic crisis caused by their reckless behavior. That's why the issue is now central to political debate as the presidential primaries get going.

Democrats Bernie Sanders and Hillary Clinton are offering alternative ways to shrink the biggest U.S. banks. Republicans Marco Rubio and Ted Cruz have attacked post-crisis rules for codifying ``too big to fail."