I think it's a factual comment. Okay. Now, I was one of the few members who was still on the committee who was around during The global financial crisis was the result of abusive lending practices. that caused dramatic failures in financial markets. Lending lenders made loans that were impossible to repay. They knew it. With hidden fees, exploding adjustable interest rates, little or no evaluation of a borrower's ability to repay. (01:26–01:29)
CLAIM
Asserts that the global financial crisis was largely due to abusive lending practices.
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