Corporatist Todd gets spanked by Sanders

In the below excerpt Todd, lackey of his corporate MSNBC masters, tries to get Sanders to walk back his statement that the Wall Street model is fraud. Sanders reminds him of the facts of several banks getting large fines for exactly that. And there have been countless articles and books showing exactly how Wall Street banks perpetuated their illegal frauds. And yet Todd thinks it's not accurate for Sanders to campaign on the truth? See the transcript and search for "fraud." The excerpt:

CHUCK TODD: Let me move onto something else that you said from the debate, it was a tough charge. And you yourself said this was going to be a tough charge when you said it. "The business model of Wall Street is fraud." Boy, that was a broad brush. And I was thinking about the fact that there was a lot of union pension funds that are invested in Wall Street, 30 percent in many of them, when you look, I was looking up some of these things. A lot of 401Ks, a lot of retirement is based on investments in Wall Street. It seems to me if you believe it's a fraud, you would not like to see money invested in something based on a fraud.

SEN. BERNIE SANDERS: Look, Chuck, what I said I believe to be true. A few weeks ago, as you know, Goldman Sachs reached a settlement with the United States Government for $5 billion. $5 billion. Why? And the answer is obviously they were defrauding investors in terms of selling sub prime mortgage packages that were worthless.


Now that's my definition of fraud. And other major banks also have paid huge settlement fines to the federal government. And what really burns the American people up is after paying $5 billion in a settlement agreement, none of these people, none of these executives on Wall Street get charged with anything.


A kid gets caught with some marijuana, gets a police record. Fraudulent activity on Wall Street destroys the economy, no police record for any executives. So do I believe that the business model of Wall Street is fraud? I think the answer obviously is of course it is.