Bernie Sanders: „Wall Street is based on fraud“

Bernie Sanders:
„Wall Street is based on fraud“
U.S. Sen. Bernie Sanders said a $5 billion legal settlement with Goldman Sachs over the sale of junk securities before the 2008 financial crisis is the latest evidence that the business model on Wall Street is fraud.
“Goldman Sachs is one of the major financial institutions in our country.
What they have just acknowledged to the whole world is that their system…is based on fraud,”
Sanders told an armory packed with supports at one of three rallies as he crisscrossed New York.
The deal announced by the Justice Department in Washington, D.C., spared individuals from prosecution.
Sanders called that an example of “the corruption of our criminal justice system.”
The settlement involved the sale of mortgage-backed securities before the housing bubble burst and led to the Great Recession.
Press Release by Bernie Sanders


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