Bernie Sanders: ‘The Business Model Of Wall Street Is Fraud’ [VIDEO]

Bernie Sanders blasted the business model of Wall Street, calling it a “fraud.”

Sanders, appearing Sunday on CNN’s “State of the Union,” suggested that Wall Street billionaires “drove us into the worst economic down turn in the modern history of America. And I think they’re at it again.”

Jake Tapper: You also talk about taking on the billionaire class. And you’ve said to Hillary Clinton you’re not sure whether or not she will take on the billionaire class. Give us some specifics where you think you would, and she might not.

Bernie Sanders: I think that the business model of Wall Street is fraud. And I think these guys drove us into the worst economic down turn in the modern history of America. And I think they’re at it again. I believe when you have so few banks with so much power you have to not only re-establish Glass–Steagall Act but you’ve got to break them up. That is not Hillary Clinton’s position. I believe that our trade policies with NAFTA, CAFTA, PNTR with China have been a disaster. I am helping to lead the effort against the Trans-Pacific Partnership. That is not Hillary Clinton’s position. I believe, along with Pope Francis, and almost all scientists, that climate change is threatening this planet in horrendous ways and that we have to be aggressive in transforming our energy system away from fossil fuel, and defeat, and defeat the Keystone pipeline, that is not Hillary Clinton’s position. I believe that as opposed to my Republican colleagues who want to cut Social Security, I believe we should expand Social Security by lifting the cap on taxable income. That’s not Hillary Clinton’s position. I believe that we’ve got to raise the minimum wage over a period of several years to $15 an hour. Not Hillary Clinton’s position. I voted against the war in Iraq. Hillary Clinton voted for it.

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