Bernie Sanders: Bankers Have No Shame
on Tuesday, May 31, 2016Bernie Sanders Money Quote saying bankers act with impunity to increase profits by defrauding the public and pay fines like they were simply business expenses. Bernie Sanders said:
“Top bankers have shown no shame for their bad behavior and have made no apologies to the public. The billions and billions of dollars of fines they have paid for financial fraud are just another cost of doing business, another shortcut to unjust profits” — Bernie Sanders
Share the Bernie Sanders Money quote image above on your site:
Short Link to this Quote:
Bernie Sanders seems to be criticizing major banks for a lack of accountability and remorse regarding past financial misconduct. He argues that the large fines banks have paid for fraud and illegal behavior are simply considered a business expense by the banks rather than a true punishment.
Sanders implies this allows banks to treat fines as another way to generate profits through unjust means, without any personal consequences for executives or meaningful changes in behavior.
His remarks portray banks as unrepentant for past wrongs and undeterred by fines, suggesting structural reforms may be needed to properly address issues like financial fraud and hold top bankers personally responsible for illegal corporate actions.