No equity has been taken, no bonuses were actually really deferred. How did we get out of this? The most progressive president in the history of our country, Barack Obama, agreed to. The balance sheet of the Federal Reserve that day was $880 billion. The balance sheet on the day that Donald Trump raised his hand was $4.5 trillion. Here's what we did. We basically just flooded the zone with liquidity. We bailed out the Party of Davos. Let me say it differently. (03:06–03:16)
CLAIM
Asserts that the Federal Reserve's balance sheet increased from $880 billion to $4.5 trillion between 2008 and Trump's inauguration.
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.
