Despite his ‘crazy’ comment, Sanders open to presidency
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.