Sanders urges changes to 'illegal' mortgages - – Rockford’s News Leader

Sanders urges changes to 'illegal' mortgages


Bernie Sanders is pointing to the Justice Department's roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities, saying it's a system that must be changed.

During a rally in Albany, New York, the Democratic presidential candidate read part of an Associated Press story about the settlement resolving state and federal probes into the sale of shoddy mortgages in the lead up to the 2008 financial crisis.

Sanders said instead of the term "shoddy," he said, "the real word is illegal." He said "this is the system that we are living in and this is the system that we have to change."

The Vermont senator is competing against Hillary Clinton in next week's New York presidential primary.

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