They also know that Trump and his team don't have any plans to fix what is broken. Secretary Bessant is here today in his role as chair of the Financial Stability Oversight Council. Congress created FSOC after the 2008 financial crash to protect families from large financial institutions. that load up on debt and then turn around and crash our economy. Secretary Bessant could have used FSOC over the last year to tighten regulations so that we don't … (02:01–02:09)
CLAIM
Asserts the purpose of the Financial Stability Oversight Council's creation.
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