Bernie Sanders Quotes About Wall
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You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that's not the case. The real truth is that Wall Street regulates the Congress.
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What we are doing in this campaign [2016], it just blows my mind every day because I see it clearly, we're taking on not only Wall Street and economic establishment, we're taking on the political establishment.
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I want to break up the Wall Street banks. Hillary Clinton doesn't. I want to raise the minimum wage to 15 bucks an hour. She wants $12 an hour. I voted against the War in Iraq. She voted for the War in Iraq. I believe we should ban fracking. She does not. I believe we should have tax on carbon and deal aggressively with climate change. That is not her position.
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Goldman Sachs was one of those companies whose illegal activity helped destroy our economy and ruin the lives of millions of Americans. But this is what a rigged economy and a corrupt campaign finance system and a broken criminal justice is about. These guys are so powerful that not one of the executives on Wall Street has been charged with anything after paying, in this case of Goldman Sachs, a $5 billion fine.
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The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.
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What the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: 'You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we're going to give you the opportunity to own the United States Government.' This is the essence of what Citizens United is all about - and that's why it must be overturned.
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Wall Street has enormous power over the Republican Party, enormous power over the Democratic Party.
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There is a reason why these people [from Wall Street] are putting huge amounts of money into our political system. And in my view, it is undermining American democracy and it is allowing Congress to represent wealthy campaign contributors and not the working families of this country.
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Kid gets caught with marijuana, that kid has a police record. A Wall Street executive destroys the economy, $5 billion settlement with the government, no criminal record. That is what power is about. That is what corruption is about. And that is what has to change in the United States of America.
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Let's talk about why, in the 1990s, Wall Street got deregulated. Did it have anything to do with the fact that Wall Street provided - spent billions of dollars on lobbying and campaign contributions? Well, some people might think, yeah, that had some influence.
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Your story is for - voting for every disastrous trade agreement, and voting for corporate America. Did I vote against the Wall Street bailout?
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I have taken on virtually every element of the big money establishment, whether it's the Koch brothers, and the big energy companies, whether it's the industrial complex, whether it's Wall Street... I have taken on the drug companies. I have taken on the insurance companies.
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Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.
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I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, 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 regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.
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I do believe that we should substantially lower student debt in this country, which is crushing millions of people. We pay for it, in my view, by a tax on Wall Street speculation. The middle class bailed out Wall Street in their time of need. Now, it is Wall Street's time to help the middle class.
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The CEO of large multi-nationals like Hillary [Clinton]. They won't going to like me and Wall Street is going to like me even less.
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I have supported candidates whose views are very different than mine on the need the break up Wall Street banks, on the war in Iraq, on trade issues. Of course I have supported those people. My hope is that we're going to see - and I believe it is the case - we're going to see more and more strong progressives running for office. That's my hope. That's my desire. But that is up to - that decision is going to be made by people in 50 states and 435 congressional districts.
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I very strongly disagreed with President Clinton on the deregulation of Wall Street. I opposed that strenuously.
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Let us wage a moral and political war against the billionaires and corporate leaders, on Wall Street and elsewhere, whose policies and greed are destroying the middle class of America.
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Will I criticize Hillary Clinton on her position of TPP, or the lack of position? Will I criticize her on her views of Wall Street? Will I criticize her on foreign policy? That's what democracy is about, but taking cheap shots at people, making it personal, I don't think that's what politics should be about.
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Wall Street is perhaps the most powerful economic and political force in this country. You have companies like Goldman Sachs, who just recently paid a settlement fine with the federal government for $5 billion for defrauding investors.
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If you take donations from Wall Street, you can't be independent.
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I think what the secretary Hillary Clinton has recognized is the American people are extremely angry about the power of Wall Street, the greed, the illegal behavior of Wall Street.
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I think we are making progress, but we have long way to go. People also have got to understand the agenda that we are fighting for. This is a senator who has taken on every powerful special interest, whether it's Wall Street, whether it's drug companies who are ripping off the American people, the military industrial complex.
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The Occupy Wall Street protests are shining a national spotlight on the most powerful, dangerous and secretive economic and political force in America.
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The Affordable Care Act has clearly, as Secretary Clinton made the point, done a lot of good things, but, what it has not done is dealt with the fact we have 29 million people today who have zero health insurance, we have even more who are underinsured with large deductibles and copayments and prescription drug prices are off the wall.
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We're going to stand with working people. We're going to take on the billionaire class. We're going the take on the drug companies and the insurance companies. We're going the take on Wall Street. That's where I think the future of the Democratic Party lies.
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What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.
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After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street.
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There are many major crises facing our country. At the top of the list is the need to overturn Citizens United. If billionaires are able to buy elections and elect right-wing candidates, there is no way we will ever address climate change, college education, affordability, job creation, raising the minimum wage and taking on Wall Street.
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