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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Bottom line is, both Sanders and Clinton believe in breaking up banks where necessary, [u]neither of them wants to break up big banks just for the sake of breaking them up[/u], both of them understand that poor lending practices were the root cause of the failure, in fact they do agree on almost all of the major points.  Where their stated differences are is more about what they consider risk and what the thresholds for action are.[/quote]

Really?  Breaking up big banks for the sake of it seems to be Sanders' key position.  He doesn't even say it's mostly because of the danger of poor lending practices - Sanders views big corporate entities as simply having too much power in general, so he wants them smaller just to limit their power.  It's just an extension of his theme of support-the-little-guy-against-big-business.[/quote]

Clinton definitely is NOT saying the same thing as Sanders. 
Clinton understands all the details, thresholds, findings, and potential consequences that must be considered. 
Sanders says that if somebody (Treasury Secretary, Fed, or ??) thinks a bank is too big, then it should be broken up, but the won't tell them how to reorganize.

The bolded portions are things that Clinton knows and says that Sanders does not know or say:

[i]Clinton: ...I have said many times in debates and in other settings, there is authority in Dodd-Frank to break up banks[b] that pose a grave threat to financial stability[/b].

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, [b]because of the finding that is made by two-thirds of the financial regulators that the institution poses a grave threat[/b], or[b] if the Fed and the FDIC conclude that the institutions' living will resolution is inadequate and is not going to get any better[/b], there can also be requirements that they do so.

So we've got that structure. Now a lot of people have argued that there need to be some tweaks to it that I would be certainly open to. But my point from the very beginning of this campaign, and it's something that I've said repeatedly: [b]big banks did not cause the Great Recession primarily. They were complicit, but hedge funds; Lehman Brothers, an investment bank; a big insurance company, AIG; mortgage companies like Countrywide, Fannie and Freddie — there were lots of culprits who were contributing to the circumstances [/b]that led to the very dangerous financial crisis.[/i][/quote]

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