… then buying credit default swaps against it to make money when they fail, there was all the regulations in place to enforce and stop Wall street from doing that. And The federal government played a big role of trying to encourage and push more and more people into housing with looser and looser lending standards. So it's a toxic mix of two things. And I won't say regulation was at all the primary things, it was the lack of enforcement of the existing regulations. Okay? (26:11–26:21)
CLAIM
Asserts that the federal government encouraged risky lending practices.
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