Colin Allred: “This is something that the federal regulators had mentioned…”

“I wish that our state elected officials had been more focused on that ahead of time. We had warnings about this. This is something that the federal regulators had mentioned could happen. Based on some previous experiences that we had. This did not come out of the blue, but due to, I think, inaction at the state level, it did happen.” (11:16–11:21)

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.