Bernie Sanders: The Hero We Need?

Recently I've been seeing a lot of articles on Bernie Sanders running for president. He has made some very unusual promises. He wants to: dismantle the NSA, dissolve the six "big banks, and start a "political revolution against billionaires".

Although his ideas seem far fetched, and many people may not agree with them, I believe that they force people to consider what is wrong with the US currently.

One of Bernie Sander's main objectives is to dissolve the six big investment banks in the US. Those banks are: Bank of America, JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo, and Morgan Stanley. These are the banks that were deemed "too big to fail" during the financial crisis in 2007. These were the banks that got a $700 billion bailout from Congress in 2008. The reason is because if these banks failed the financial crisis would worsen.

Treasury Secretary, Henry Paulson, outlined the reasons for the bailout as:

• Stabilizing the economy
• Improve liquidity
• Improve investor confidence
• Minimize the impact on the economy.

These measures had to be taken or the economy would be in a free fall. These banks are also an interesting factor when it comes to the wealth inequality in the US. The CEO of Bank of America made $7.5million in 2012. The average american made roughly $50,000 in 2012. The CEO made 150x more than the average American. This should clearly demonstrate the vast division of wealth in the US.