Sen. Bernie Sanders said Tuesday that Wall Street’s business model is “fraud,” the Federal Reserve has been “hijacked” by bankers and Democratic presidential frontrunner Hillary Clinton’s plan to regulate the financial industry won’t solve the problem.
The Vermont independent, who is running for the Democratic presidential nomination, offered a host of financial policy proposals to overhaul Wall Street during a major address in Manhattan. Among them was a plan to break up the biggest banks and reinstate the Glass-Steagall financial law that separated commercial and investment banking activities.
