"But what’s he think we should do, abolish Wall Street? I mean, it’s so absurd," Kasich said of Sanders' attacks on Wall Street.

| AP Photo Kasich hits Sanders' 'absurd' Wall Street criticism

John Kasich thinks Bernie Sanders' rhetoric about Wall Street and fraud is "absurd."

While acknowledging that the financial sector has its share of problems and needs regulations to keep it in check, the governor of Ohio remarked in an interview with CNBC's John Harwood published Friday that the Vermont senator and insurgent Democratic candidate is off-base when it comes to his repeated criticism that the "business model of Wall Street is fraud."


"I don't even know what that means. What does he mean it’s a fraud? Wall Street’s there to provide some of the glue to make that economic system churn," Kasich said.

"I mean, did we have problems there? Of course. Is there too much greed? Of course. Are there rules and regulations that are necessary? Of course," he said. "But what’s he think we should do, abolish Wall Street? I mean, it’s so absurd.”

The governor went on to say that he believed the biggest cause of income inequality was a lack of skills to demand higher wages, which he said raises questions about the effectiveness of the American education system.