Sanders: 'The Business Model of Wall Street Is Fraud'

Thursday on MSNBC’s Democratic presidential primary debate, candidate Sen. Bernie Sanders (I-VT) declared the business model of Wall Street to be “fraud.”

Sanders said, “Wall Street is an entity of unbelievable economic and political power. That’s fact. I want to say something and it may sound harsh, not to you, but to the American people. In my view, the business model of Wall Street is fraud. It’s fraud. I believe that corruption is rampant and the fact that major bank after major bank has reached multi-billion dollar settlements with the United States government, when we have a weak regulatory system tells me that not only did we have to bail them out once, if we don’t start breaking them up, we’ll have to bail them out again. I do not want to see that happen.”

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