Notorious BIG Banks
“How The March 22 Primary Elections Went Down”
by Nate Silver (FiveThirtyEight)
We’re calling it a night after one of the chalkier days of the campaign so far. All the favorites won, although in some cases the margins were a bit larger than we might have expected.
by Nicholas Lemann (The New Yorker)
One of the surprises of the current campaign has been how strongly the 2008 financial crisis still resonates. Presidential candidates don’t often refer to specific pieces of financial regulation, but Bernie Sanders and Hillary Clinton have disagreed repeatedly on the debate stage about the Clinton-era repeal of the Depression-era Glass-Steagall Act, which strictly limited banks’ activities. Sanders says that as President he will push for a piece of legislation he calls the Too Big to Fail, Too Big to Exist Act, which would break up the biggest banks — an idea that both Clintons resist. That seems to be part of what Bill Clinton was talking about in New Hampshire.
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