Warren Praises Sanders Plan to Dismantle Big Banks – NMP Skip to main content

Warren Praises Sanders Plan to Dismantle Big Banks

Phil Hall
Jan 07, 2016
Bernie Sanders to dismantle the nation’s largest banks if he was elected president received glowing praise from a Senate colleague from a neighboring state

Bernie Sanders to dismantle the nation’s largest banks if he was elected president received glowing praise from a Senate colleague from a neighboring state.

According to a report in The Hill, Sen. Elizabeth Warren (D-MA) used her Facebook page to commend Sanders’ proposed dismantling of the so-called too-big-to-fail financial institutions.

“I’m glad Bernie Sanders is out there fighting to hold the big banks accountable, to make our economy safer, and to stop the Republicans from rigging the system even more in Wall Street's favor,” Warren wrote.

Warren’s positive acknowledgment of Sanders’ strategy served as a reminder of their shared progressive brand of politics and her continued influence in shaping the Democratic Party’s policies regarding banking and housing. Warren, who is credited as the architect of the Consumer Financial Protection Bureau, declined efforts by some supporters to enter the 2016 presidential race and has refused to offer any endorsement of the current candidates for the party’s nomination. Warren is the only woman among the Senate’s 14 Democratic legislators that has not endorsed Hillary Clinton for president, and their differences regarding the return of the Glass-Steagall Act and the reconfiguring of Wall Street’s biggest financial firms has been among the financial policy points that separate them ideologically.

Published
Jan 07, 2016
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021