So again, this has been once again the response from government, the response from Congress in writing the Dodd Frank law, the response by regulators and then the auditors has been a complete failure. It's really putting our economy and our democracy at risk. These bank failures should be concerning everybody. I mean, what's the next shoe that's going to drop. I'm here in commercial real estate. We could be in some very tough times. (13:39–13:42)
CLAIM
Asserts that recent bank failures are a cause for widespread concern.
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.