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Obama Administration Failed

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  • Description

    Banks get priority over American taxpayers in the Obama administration.

  • Duration 1:45
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This transcript is automatically generated

-- used surprise.

A Republican administration -- you unidentified Democrat and then democratic administration came after you.

Not directly and indirectly -- almost -- be directly -- that what you -- doing.

Again I represented interest that was.

Not consistent with the protect the banks at all costs.

And part of my job and part of what I did was to expose the fact that wall.

All of the politicians and the cabinet officials were all saying that they really cared about -- history in the middle class.

That they were doing something very different behind the scenes -- they're executing policies that kick homeowners Kate small businesses that kicked all other interest of the curve.

That refused to it to enact basic protections that the banks -- illicitly and unfairly profit off of these programs and of course that's gonna generate some push back.

And yet that the banks in reference to some of the mortgage relief programs that the president was promising would help people actually word.

In -- the banks because the banks on the servicers that -- supposed be refinancing the people who were getting.

A nightmare scenarios that you you write about well.

And you're asking for part of the reason why I wrote this book was to expose it again.

This wasn't an accident this wasn't just -- books we messed up I mean if failures of these programs in the benefits of these financial institutions were part of the design.

Tim Geithner told us in 2009.

That this program that was supposed to help four million homeowners stay in their homes who -- -- relief.

Was really know about holding the runway for the packs the -- time and time again we're not the people who they said it would be helped.

But it was the people was actually the same institutions have put us into the mess in the first place.

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