170 Top Economists ‘Feel The Bern,’ Endorse Bernie Sanders’ Wall Street Reform Plan

It seems as though nearly 200 of the nation’s top economists “feel the Bern,” as they release a letter publicly endorsing Democratic presidential candidate Bernie Sanders’ plans for Wall Street reform.

The letter was signed by former Labor Secretary Robert Reich, who, under the Clinton Administration in the 1990s, oversaw a huge increase in employment and who has, like Bernie Sanders, been pushing for an increase in the minimum wage and heavier restrictions and higher taxes on corporations. Along with Robert Reich, University of Texas Professor James K. Galbraith, Dean Baker, co-director of the Center for Economic and Policy Research in Washington, DC., Brad Miller, former U.S. Congressman from North Carolina, and William K. Black, University of Missouri-Kansas City openly and enthusiastically endorsed the Sanders plan to reform Wall Street.

“In our view, Sanders’ plan for comprehensive financial reform is critical for avoiding another ‘too-big-to-fail’ financial crisis. The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment from commercial banking, must be enacted,” the economists wrote.

Robert Reich explains what he perceives as the very real danger of Wall Street and the impact it has on the economy in the video below.