Bernie Saunders: Six Banks Control 60% of the Country’s Assets [VIDEO]

 

Independent Senator Bernie Saunder is joining in with his support of the “Occupy Wall Street” Movement, with an appearance on Keith Olbermann’s new show. Saunders explains how since the federal bailout of “too big to fail” banks, many of the institutions in question have simply grown even bigger. “You have six financial institutions…who control 60 percent of the assets of the United States of America.”

Watch his full interview below.

 

Related Reading:

5 Ways To Support The ‘Occupy Wall Street’ Movement

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Hundreds Occupy Wall In Protest Of Broken Financial System

Photo credit: youtube screen capture.

47 comments

Emma S.
Emma S6 years ago

Worked first time this time! (Thanks to David for the help.) It's good to see such dignified protest.

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Emma S.
Emma S6 years ago

The video I am trying to watch (on this page) is currently unavailable...? Is something sinister afoot?

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Jonathan Y.
Jonathan Y6 years ago

Top six were also the major cause of our financial collapse due to their gluttonous embrace of CDOs', MBs', and derivatives: JPMorgan (aka. the blob that ate Chase and then WaMu), Citigroup, BofA, Goldman Sachs, Wells Fargo, and Morgan Stanley. In approximate order of greed and guilt.

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Patrick F.
Patrick f6 years ago

To the lot of you who defend the banks, look at what interest rate you got on your savings account compared to the lending amount 30 years ago(when there were laws) when the banks needed YOUR money to make money. Now look what it is when they don't. They BECAME too big to fail on YOUR backs and now have a very short term memory. I wouldn't trust ANY bank, your money is safer in your mattress.

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Bertha Smith
Bertha Smith6 years ago

Robin M,
Someone commented before, and they are right. You really should have someone proofread your articles before putting them out to read. The man is Bernie SANDERS, not Saunders!!!!!

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Lilithe Magdalene

Jeffrey - why is it those on the right cry "control" when people want to see equality in our "free market" (which is not so free for the little guy), but then call for laws against abortion, hemp and sex work? Those are personal choice action, and hurt more people when illegal (like all of those people in prison for minor drug possession), than when legal.

Yet when the corporations commit their "crimes" that are unfortunately legal, they hurt millions of people across the US - and everybody says on the right, "but we want 'freedom' - don't try to control us". It is the most bass ackwards way of looking at freedom.

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James C.
James C6 years ago

So does that mean 10 banks control 100% either way go credit unoin and end big banks control its that easy

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Marie W.
Marie W6 years ago

More and more controlled by fewer and fewer...

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Doris Turner
Doris Turner6 years ago

Thanks Bernie, keep raising hell.

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Glenn M.
Glenn Meyer6 years ago

Paul B.

The reason the bank bailouts ocurred is because the FDIC payouts would have been even worse.

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