Bernie Sanders: „Wall Street is based on fraud“


Bernie Sanders:
„Wall Street is based on fraud“
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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.
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“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,”
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Sanders told an armory packed with supports at one of three rallies as he crisscrossed New York.
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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.”
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The settlement involved the sale of mortgage-backed securities before the housing bubble burst and led to the Great Recession.
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Source:
Press Release by Bernie Sanders
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