Acceptable Quote by Bernie Sanders
“No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up.”
About This Quote
Source Speech: Senate floor, 2023
Concentration of financial power in a few banks is dangerous; they should be split up to protect democracy.
In simple terms: Too much banking power; break them up.
Key Takeaway
Support antitrust actions.
Themes
economics
politics
power
regulation
Mood
concerned
determined
Type
political
activist
When to use this quote
- policy debates
- legislative hearings
- public protests
Key Concepts
antitrust
wealth concentration
Questions to Reflect On
- Is breaking up banks the best solution?
- What alternatives exist to curb power?
A Different Perspective
Opponents argue breaking up banks could destabilize markets.
![“As the longest serving Independent in the history of the United States Congress, as somebody who came into office by defeating an incumbent Democratic mayor in Burlington, Vermont, I know something about third party politics. And I respect Jill [Stein].” quote by Bernie Sanders](https://sms4smile.com/quotes/img-quotes/94c/bernie-sanders-233_congress_as-the-longest-serving-independent-in-th_10777.jpg)
![“In any case, open-seat presidential elections like 2008 just are different in character from incumbent reelects, and I think that's the most important thing about this election - is that once there's an incumbent running for reelection, most of the debate is about, "Has he [Barack Obama] done a…” quote by William Kristol](https://sms4smile.com/quotes/img-quotes/0b0/william-kristol-9091_acceptable_in-any-case-open-seat-presidential-elect_36353.jpg)