He refused to use the Fed's authorities to address the risks that were building in the financial system. And when the crisis hit and the economy blew up, Warsh took on the job of Wall Street's personal liaison on the Fed board. He was quick to respond to concerns from Wall Street CEOs, and he worked tirelessly to arrange multibillion dollar bailouts for them with nothing for American families. No regrets, he says. (03:29–03:35)
CLAIM
Asserts that Warsh acted in favor of Wall Street interests during the crisis.
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.
