Credit union association chief Dan Berger is warning that the U.S. could be in for another recession by the end of 2019 if the government doesn’t step in and break up big banks.

Berger, the chief executive officer of the National Association of Federally-insured Credit Unions (NAFCU), said some banks are so large that they could cause an economic collapse if one of them failed.

The CEO said that NAFCU is urging Congress and the Trump administration to take action and protect consumers before the U.S. hits another recession.

“One bank is bigger than an entire credit union industry out there — there are trillion dollar institutions, so you have large investment banks using consumer’s deposits to make risky investments,” Berger told Hill.TV co-host Krystal Ball and Buck Sexton on “Rising.”

“The recession could hit end of 2019 — maybe the first quarter of 2020, something Congress should take a look at so American consumers are protected,” Berger said.

Berger argues this is why lawmakers should bring back the Glass-Steagall Act, which separated consumer banking from the more speculative side of investment banking.

The bill was originally passed 

https://thehill.com/hilltv/rising/407069-another-recession-could-hit-us-in-2019-says-credit-union-association-chief