He said that the bankers were not the bad guys in the subprime mortgage scandal and near financial collapse that they had everything to do with. They were just doing what the government allowed them to do.*
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*This was his actual argument. It is not an argument an adult makes. It’s the actual argument that TEENAGERS make at prestigious high schools where cheating is rampant: everyone was doing it, and no teacher was stopping them. So they WERE FORCED to cheat in order to be competitive. TEENAGERS ARE NOT JOB CREATORS.
Also, that’s an argument that is explicitly in favor of increasing regulation in the financial sector.
