Bernie Sanders: 'The Business Model Of Wall Street Is Fraud,' 56% Of Readers Disagree
CBC Corporation (NYSE: CBS) broadcast the Democratic debate on Saturday night, where Senator Bernie Sanders called out former Secretary of State Hillary Clinton for her connections to Wall Street.
Sanders repeated that he would break up the big banks: "Here is the major issue when we talk about Wall Street – it ain't complicated: Wall Street today has enormous economic and political power. Their business model is greed and fraud. And for the sake of our economy, the major banks must be broken up."
Sanders touted he is the only candidate without a Super PAC, and has never accepted donations from the Street (something Clinton has). That's when Sanders had one of the night's biggest moments.
"With all due respect to the secretary, Wall Street play by the rules? Who are we kidding? The business model of Wall Street is fraud," Sanders said.
Earlier in the segment, the Vermont senator said, "I''m not asking Wall Street or the billionaires for money. I will break up these banks, support community banks and credit unions. That's the future of banking in America."
In a Benzinga Twitter poll, 56 percent of respondents said they disagree with Sanders' claim that the model of Wall Street is fraud. As of Sunday at 11:00 a.m. ET, the poll had 205 respondents. Editor's note: The poll closed with 212 respondents.
"The business model of Wall Street is fraud." - Bernie Sanders. #DemDebate
— Benzinga.com (@Benzinga) November 15, 2015
Separately, Sanders said he wasn't much of a socialist compared to President Eisenhower: "We bailed out Wall Street. It's their time to bail out the middle class. We haven't come up with an exact number yet but it will not be as high as the number under Dwight D. Eisenhower."
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