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May 30, 2018 | Public Support for Breaking Up Big Banks is Building

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

The break up of above-the-law financial conglomerates that are bankrupting the world economy should have happened in 2008, but the Obama-led government missed their opportunity to lead on this critical reform.  This change is certain to come forward again in the next financial meltdown, because it must.  There can be no rule of law, stability or sustainable democracy until deposit-taking banks are separated off from product-underwriting- risk-selling-trading franchises not underwritten by government largess or backed by the public purse.  Financial powers have had one hell of run, but the time has come for the pendulum to swing the other way.

Not surprisingly, a new nationwide US survey of likely 2018 voters in key battleground congressional districts finds an “overwhelming, broad-based, and intense’ bipartisan support for curbing big banks’ influence in Washington, and holding financial companies accountable.  This memo explains all the findings.  Here is the key takeaway.

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May 30th, 2018

Posted In: Juggling Dynamite

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