I was warning about it for two, three years. I was on public television talking about it. I was writing about it, and I could go in depth and discuss it. The deregulation was not the issue. It was, they didn't even enforce the regulations that were in place. Washington DC, which is another big problem, has been corrupted and bought off. And Wall street got away with basically murder. And the federal government promoted some policies that were not constructive at all. (25:23–25:32)
CLAIM
Asserts that the financial crisis was due to lack of enforcement of existing regulations, not deregulation.
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.
