Sanders Repeats Vow To Cap ATM Fees At 2

NEW YORK CITY -- In one of his most fiery speeches to date, the Democratic Presidential hopeful and senator from Vermont took on ATM fees. Speaking at Manhattan's Town Hall, Brooklyn-born Bernie Sanders unleashed his wrath on the American financial system at the venerable W. 43 St. venue. He attacked the big banks, Wall Street, Goldman Sachs and, once again, ATM fees. | SEE SPEECH

"Greed is not good," Sanders said, referencing the 1987 movie "Wall Street." "In fact, the greed of Wall Street and corporate America is destroying the very fabric of our nation."

During the speech, which included a vow to break up the so-called "too big to fail" banks and reinstate the Glass-Steagall Act, Sanders promised to limit ATM fees. "In my view, it is unacceptable that Americans are paying a $4 or $5 fee each time they go to the ATM ... We must also cap ATM fees at $2," he said. "People should not have to pay a 10% fee for withdrawing $40 of their own money out of an ATM."

This is not the first time Sanders has proposed ATM fee capping. Following an interview on the "Late Show" with Stephen Colbert in November, Democratic frontrunner Hillary Clinton floated the idea of capping fees. Greeted with applause by audience members and good polling numbers, Sanders adopted the concept a short time later. | SEE STORY

It is unclear from the speech and public statements by Sanders' campaign officials whether the cap will apply to all ATMs, including independently operated units, or just those machines owned and operated by banks.

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