Hillary Clinton does a better job than Bernie Sanders of explaining the details of his bank breakup
http://www.vox.com/2016/4/13/11415772/clinton-sanders-daily-news
So great! Comparing their answers on the NYDN editorial interviews!
....But you can see that on a personal level, what Sanders is interested in is the principle here a bank that is "too big too fail" should not exist.
But it's not just Konczal or Sanders's staffers who have a clearer explanation of Sanders's bank breakup policy.
In her own Daily News interview, Clinton does a much better job than Sanders of explaining how a president inclined to break up the banks would do so:
Daily News: How do you stop too big to fail? What needs to happen?
Clinton: Well, I have been a strong supporter of Dodd-Frank because it is the most consequential financial reforms since the Great Depression. And I have said many times in debates and in other settings, there is authority in Dodd-Frank to break up banks that pose a grave threat to financial stability.
There are two approaches. There's Section 121, Section 165, and both of them can be used by regulators to either require a bank to sell off businesses, lines of businesses or assets, because of the finding that is made by two-thirds of the financial regulators that the institution poses a grave threat, or if the Fed and the FDIC conclude that the institutions' living will resolution is inadequate and is not going to get any better, there can also be requirements that they do so.
That's what Sanders is talking about, just stated more clearly in terms of specific legislative provisions and what you would actually have to go through to use these tools.
Then Clinton pivots to why this isn't the approach she thinks she would take:
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