Wall Street

Bernie’s 41st Campaign Meeting – October, 2012 – Putney, VT

October 24, 2012

In 2012 Bernie has held dozens of campaign dinners and rallies throughout Vermont to discuss what’s at stake in this election. On October 19th, over 250 people attended this rally in Putney, VT.

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News Update: Oligarchy or Democracy?

August 6, 2012

“From one end of this country to the other, hundreds of millions of dollars are being spent by the very wealthy to defeat candidates who represent the needs of working people. Not content with controlling the economy, they also want to dominate our political system as well.”

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Republicans want to stop talking about the middle class (MSNBC)

July 24, 2012

Watch Bernie discuss wealth and income and its impact on our democracy on MSNBC.

“We just identified today 25 separate billionaires who are spending at least a quarter of a million dollars on campaigns right now. The billionaires are not satisfied with the fact that the top 1% owns 40% of the wealth in America; they want more and more and more.”

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Republicans fawn over JP Morgan CEO at hearing (MSNBC)

June 13, 2012

On the Ed Show, Bernie talks about Wall Street’s cozy ties with some legislators.

“I think the real story is – and everybody should understand this – this is not a question of Congress regulating Wall Street, this is much more a question of Wall Street & all of their money regulating Congress.”

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Sanders: JPMorgan a ‘Gambling Casino’ (CNBC)

Bernie talks about conflicts of interest at the Fed on CNBC.

“The issue here is not hard to understand. The fed plays a very important roll in our economy… Do you really want people like Jamie Dimon, representing JP Morgan Chase, sitting on the New York Fed, which is supposed to be regulating Wall St? I think that that is a very obvious and apparent conflict of interest.”

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Senator Reveals Specifics on the Fed’s Conflicts of Interest (The Nation)

June 12, 2012

By George Zornick JPMorgan Chase CEO Jamie Dimon will appear before the Senate Banking Committee on Wednesday to answer questions about his bank’s risk management, or lack thereof—how was it that a too-big-to-fail institution took dangerous gambles that recently resulted in multibillion-dollar losses? But there are deeper questions likely to come up as well. One […]

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Sanders calls for reform to Federal Reserve system (Burlington Free Press)

By Dan D’Ambrosio Sen. Bernie Sanders, I-Vt., has released the names of 18 current and former Federal Reserve regional bank directors whose banks and businesses received more than $4 trillion in near zero-interest Federal Reserve loans in the aftermath of the 2008 financial collapse. The names included JPMorgan Chase Chief Executive Jamie Dimon, who sits […]

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Bernie talks about latest news on JP Morgan blunder (MSNBC)

“This is not just Jamie Dimon… According to the GAO… you have 17 other individuals, past and present members of Feds, who collectively – 18 of them collectively – their financial institutions received $4 trillion in very low interest loans during the bailout period. So, again, if this is not the fox guarding the hen house, then I don’t know what is.”

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Columbia in a tangle over links to embattled JP Morgan boss Dimon (The Guardian)

By Dominic Rushe Columbia University is facing accusations of a conflict of interest relating to the role of its president in cheerleading for the boss of JP Morgan Chase, one of Columbia’s most generous financial backers. Lee Bollinger, who has been president of Columbia since 2002, has been a vocal supporter of Jamie Dimon despite […]

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Bernanke: Up to Congress to fix Dimon-NY Fed conflict (Reuters)

June 7, 2012

By Pedro Nicolaci da Costa Federal Reserve Chairman Ben Bernanke said on Thursday it is up to Congress to address any conflict of interest created by having JPMorgan CEO Jamie Dimon on the board of the New York Fed, which regulates his bank. The potential conflict was brought to light recently by a surprising multibillion-dollar […]

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