Sanders: Wall Street ‘destroying the moral fabric’ of US

Bernie Sanders says Wall Street has said “the hell with the rest of the people in this country” in its hunt for profits.

The Democratic presidential candidate on Monday told the New York Daily News that big banks and giant corporations like General Electric are “destroying the moral fabric of this country.”

{mosads}“What corporate America has shown us in the last number of years, what Wall Street has shown us, the only thing that matters is their profits and their money,” he told the newspaper’s editorial board. “And the hell with the rest of the people of this country.”

Sanders has made critiques of the financial sector a central platform of his populist campaign. And he reiterated his promise to break up the nation’s biggest banks within his first year in office if elected.

He maintained that the Treasury Secretary has the power to identify what financial firms are too large and complex and direct them to break up and shrink in size for the good of the financial system.

Sanders said exactly how the banks break up would be their business, but he also acknowledged that there could be some economic disruption from forcing giant companies to dramatically restructure. But he added it would be for the greater good.

“You’re saying that we’re going to break up the banks, will it have a negative consequence on some people? I suspect that it will,” he said. “Will it have a positive impact on the economy in general? Yes, I think it will.”