Sen. Bernie Sanders' plan to break up the big banks in the name of economic stability isn't realistic, suggested President Obama in an interview about his economic legacy published online by The New York Times Magazine on Thursday.
"It is true that we have not dismantled the financial system [like Sanders proposes], and in that sense, Bernie Sanders' critique is correct," Obama remarked. "But one of the things that I've consistently tried to remind myself during the course of my presidency is that the economy is not an abstraction," he added. "It's not something that you can just redesign and break up and put back together again without consequences."
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