De­spite his ‘crazy’ com­ment, San­ders open to pres­i­dency

The Washington Times Daily - - Politics -

Sen. Bernard San­ders, Vermont in­de­pen­dent, says that any­body who re­ally wants to be pres­i­dent is “slightly crazy” — but that he would be open to a run in 2016 if a suit­ably pro­gres­sive can­di­date does not emerge.

“Un­der nor­mal times, it’s fine, you have a mod­er­ate Demo­crat run­ning, a mod­er­ate Repub­li­can run­ning,” Mr. San­ders told the Burling­ton Free Press. “Th­ese are not nor­mal times. The United States right now is in the mid­dle of a se­vere cri­sis and you have to call it what it is.”

Mr. San­ders told the pa­per he prob­a­bly would run as an in­de­pen­dent — he cur­rently cau­cuses with Democrats — but that he would be at an im­me­di­ate dis­ad­van­tage be­cause he wouldn’t be get­ting any money from Wall Street or cor­po­rate Amer­ica. com­pany’s sales of low-qual­ity mort­gage-backed se­cu­ri­ties that col­lapsed in value in the fi­nan­cial cri­sis, a per­son close to the talks said late Mon­day.

The per­son said the doc­u­ments spelling out the agree­ment could be signed as early as Tues­day.

The per­son spoke on con­di­tion of anonymity be­cause the set­tle­ment has yet to be fi­nal­ized.

Another per­son fa­mil­iar with the talks, also speak­ing only on con­di­tion of anonymity, said the two sides were “very close” to a fi­nal agree­ment.

The deal is the largest ever reached be­tween the gov­ern­ment and a cor­po­ra­tion. It eclipses the $4 bil­lion levied on oil gi­ant BP in Jan­uary af­ter the worst off­shore oil spill in U.S. his­tory.

The na­tion’s big­gest bank will pay more than $6 bil­lion to com­pen­sate in­vestors, pay $4 bil­lion to help strug­gling home­own­ers and pay the re­main­der as a fine.

The fi­nal is­sue — one that was not re­solved un­til Mon­day — re­volved around the $4 bil­lion to com­pen­sate con­sumers. Ac­cord­ing to the first per­son close to the talks, some $1.5 bil­lion will be a write-down to re­duce the prin­ci­pal of home­owner loans, $300 mil­lion will en­able home­own­ers to pay less now on their mort­gages and the re­main­der of the $4 bil­lion will go to­ward re­duc­ing mort­gage in­ter­est rates, orig­i­nat­ing new loans and help­ing re­vive blighted prop­er­ties in some of the hard­est hit ar­eas of the hous­ing cri­sis such as Detroit.

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