In 2013 Citigroup had profits of $6.4 billion in the United States. They paid no federal income tax and, in fact, received a rebate from the IRS of $260 million. That same year J.P. Morgan had $17.2 billion in profits in the U.S. They also paid no federal income tax. Do you think it's time for tax reform?
Bernie SandersEstablishing 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.
Bernie SandersWhen you look at somebody like a Netanyahu, to simply not understand that this is a right-wing politician, a guy who kind of crashed the United States Congress to give his speech there, ignoring President Obama, not even consulting with him, using it for political purposes back home, a guy who has supported the youth - the growth of settlement, I think the - the overreaction and the destruction of Gaza went too, too far. Israel should not be bombing schools or homes, just terrible damage there.
Bernie SandersWe will do well when young people, when working-class people come out. We do not do well when the voter turnout is not large. We did not do as good a job as I had wanted to bring out a large turnout.
Bernie SandersWe've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.
Bernie SandersI 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.
Bernie Sanders