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. And so when you had Wall street creating collateralized debt obligations and packaging pools of toxic mortgages and then selling them off and then buying credit default swaps against it … (25:41–25:48)
CLAIM
Asserts that the federal government promoted unconstructive policies.
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