Anybody who took the time to listen to Bernie all these years already knew it, but apparently it’s a revelation that he’s bat s*** crazy.
Time and again, when pressed to get beyond his rhetoric on the evils of corporate America and Wall Street, Sanders struggled. Often mightily. (The Daily News published the full transcript of the interview today so you can check it out for yourself.)
A few examples make the point.
Here’s an exchange between the editorial board and Sanders on how, specifically, he would break up the biggest banks in the country:
Daily News: And then, you further said that you expect to break them up within the first year of your administration. What authority do you have to do that? And how would that work? How would you break up JPMorgan Chase?
Sanders: Well, by the way, the idea of breaking up these banks is not an original idea. It’s an idea that some conservatives have also agreed to.
You’ve got head of, I think it’s, the Kansas City Fed, some pretty conservative guys, who understands. Let’s talk about the merit of the issue, and then talk about how we get there. …
Daily News: Okay. Well, let’s assume that you’re correct on that point. How do you go about doing it?
Sanders: How you go about doing it is having legislation passed, or giving the authority to the secretary of treasury to determine, under Dodd-Frank, that these banks are a danger to the economy over the problem of too-big-to-fail.
Daily News: But do you think that the Fed, now, has that authority?
Sanders: Well, I don’t know if the Fed has it. But I think the administration can have it.