Bernie Sanders: Wells Fargo Business Fraud

Posted by admin on Sunday, September 25, 2016

Bernie Sanders Money Quote saying when Wall Street banks fraudulently open fake accounts to inflate stock prices, it is criminal behavior. Bernie Sanders said:
 
Bernie Sanders Business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo quote
 

Business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo” — Bernie Sanders

 

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In this quote, Bernie Sanders is harshly criticizing the business practices of Wall Street banks like Wells Fargo. By stating their “business model” is “fraud”, Sanders is asserting that the core way these large financial institutions operate and generate profits is through fraudulent and illegal behavior. He cites the “recently-exposed illegal behavior” at Wells Fargo, which involved opening millions of fake accounts without customers’ consent, as evidence of this.

Overall, Sanders appears to be arguing that Wall Street culture systematically promotes deception and law-breaking in order to maximize earnings, and that Wells Fargo is just one example of a deeper problem across the industry. His language portrays the banking sector in an extremely negative light and suggests more stringent reforms are needed to curb fraudulent practices.

Bernie Sanders Wells Fargo business model fraud
 

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