Bernie Sanders vowing to break up big banks if elected + MORE Jan 5th

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SPACs are blank-cheque shell companies that raise money in public stock offerings and have roughly two years to make an acquisition

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Chinese stock markets fell again on Tuesday after a 7-per-cent dive on Monday, rattling markets worldwide and prompting action from the central bank and stock market regulato

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Today, if the S&P 500 doesn’t have its best day in four years, the so-called Santa Claus rally predicts gloom ahead. If that seems too fanciful, consider that stock markets do poorly in the eighth year of a U.S. presidency.

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WASHINGTON – Democratic presidential candidate Bernie Sanders will pledge to break up the country’s largest financial institutions within the first year of his administration should he win the White House next November. He plans to make that pledge in a speech in New York on Tuesday afternoon.
In a rare policy address detailing his financial regulation plans, Sanders will vow to create a “too-big-to-fail” list of companies within the first 100 days of his administration whose failure would pose a grave risk to the U.S. economy without a taxpayer bailout, according to aides familiar with his plans. He would force the banks and insurance companies to reorganize within a year.
“Greed is not good,” Sanders plans to say, according to excerpts of his remarks. “And, here is a New Year’s Resolution that we will keep: If you do not end your greed, we will end it for you.”
Sanders has made regulating Wall Street a focus of his insurgent primary bid, questioning whether front-runner Hillary Clinton would crack down on what he sees as financial sector excesses…

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Bernie Sanders vowing to break up big banks if electedU.S. Democratic presidential candidate Bernie Sanders waves as he arrives to speak at a campaign event in Eldridge, Iowa, United States, August 16, 2015. (Jim Young/Reuters)
WASHINGTON — Democratic presidential candidate Bernie Sanders will pledge to break up the country’s largest financial institutions within the first year of his administration should he win the White House next November. He plans to make that pledge in a speech in New York on Tuesday afternoon.
In a rare policy address detailing his financial regulation plans, Sanders will vow to create a “too-big-to-fail” list of companies within the first 100 days of his administration whose failure would pose a grave risk to the U.S. economy without a taxpayer bailout, according to aides familiar with his plans. He would force the banks and insurance companies to reorganize within a year.
“Greed is not good,” Sanders plans to say, according to excerpts of his remarks. “And, here is a New Year’s Resolution that we will keep: If you do not end your greed, we will end it for you…

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