Even Bernie Sanders May Underestimate Some Banks’ Size

American Banker
October 27, 2015

In the Democratic presidential debate earlier this month, Vermont Sen. Bernie Sanders, who supports breaking up giant financial institutions, reiterated his belief that the three largest U.S. banks “are much bigger than they were when we bailed them out.”

The debate had barely finished when I received an email from an industry supporter who decried Sanders’ claim as myth, but who selectively picked a few journalist quotes to back up the argument. In an industry where financial statistics abound, it is bizarre how often data is conveniently omitted in discussions about the true size of banks and their risks…Read More

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