None of the bankers, none of the people were held accountable. And there's a lot that went into that. Obviously the federal government was heavily involved. But we did the worst possible thing, which is We actually created and we codified the bad behavior by making the incumbent Wall street banks even more powerful through Dodd Frank. So it's harder for small and community banks to compete. And then we flooded the zone with cheap money. We went to basically zero interest rates, which then depreciated the dollar which only hurt the next generation even more. (1:23:16–1:23:24)
CLAIM
Asserts that the Dodd-Frank Act made Wall Street banks more powerful and codified bad behavior.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
