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. The Party of Davos, the scientific, engineering, managerial, financial, cultural elite with their political employees, the permanent political class bail themselves out. It's not a free bailout. (03:17–03:23)
CLAIM
Asserts that the financial response to the 2008 crisis involved flooding the market with liquidity and bailing out elites.
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.
