Per Snopes “A quote from Bernie Sanders about institutional racism was taken out of context by both pro-Sanders and anti-Sanders groups”.
I certainly agree that the pro-Sanders people twisted the statement, in pretending that it was a statement made to him by a woman, and not a statement by him about white people.
But I don’t see the lack of context in the anti-Sanders presentation. He seems to be clearly giving this as a blind spot that a white person would have, in the inability to even understand the concept of poverty. What other interpretation is there?
[FTR, I have no doubt Sanders is well aware there is plenty of poverty among white people. But he has faced criticism of being ill-attuned to African-American issues, and ISTM that he was overcompensating and pandering here. But he said what he said. It’s not out of context.]