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2.23 MB
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Extraction Summary

2
People
4
Organizations
4
Locations
1
Events
2
Relationships
5
Quotes

Document Information

Type: Transcript / interview record (house oversight committee production)
File Size: 2.23 MB
Summary

A transcript page featuring a speaker identified as 'Bannon' (likely Steve Bannon) discussing the 2008 financial crisis and its aftermath. He criticizes the bailouts as a transfer of wealth from working-class taxpayers to 'crony capitalists' and executives who should have been held criminally accountable. He links this economic disparity and the lack of legal repercussions for banking executives to a 'populist revolt' in England and Middle America.

People (2)

Name Role Context
Bannon Speaker
Discussing economic theory, bailouts, and political ideology.
35 executives Subjects of investigation
Executives recommended for criminal indictment by Congress regarding the financial crisis.

Organizations (4)

Name Type Context
Justice Department
Received recommendations for indictments regarding financial executives.
Congress
Conducted investigations into the financial crisis.
Democrats
Mentioned as being in power during the lack of follow-up on indictments.
House Oversight Committee
Inferred from footer 'HOUSE_OVERSIGHT_029077'.

Timeline (1 events)

2008
Financial Bailouts
The West
Banks Government Taxpayers

Locations (4)

Location Context
Cultural/Geopolitical region.
Location of political power/lobbying.
Cited as a location of populist revolt.
Cited as a location of populist revolt.

Relationships (2)

Bannon Advocacy/Sympathy Middle-class taxpayers
Bannon argues that the middle class was unfairly burdened by bailouts.
Law firms/Accounting firms/Investment banks Collusion Capitol Hill
Described as having 'stooges on Capitol Hill' and looking the other way.

Key Quotes (5)

"Here’s how capitalism metastasized, is that all the burdens put on the working-class people who get none of the upside. All of the upside goes to the crony capitalists."
Source
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Quote #1
"It bailed out a group of shareholders and executives who were specifically accountable."
Source
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Quote #2
"In fact, one of the committees in Congress said to the Justice Department 35 executives, I believe, that they should have criminal indictments against — not one of those has ever been followed up on."
Source
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Quote #3
"You say to this investment banking, create a free option for bad behavior."
Source
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Quote #4
"And that’s what I think is fueling this populist revolt."
Source
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Quote #5

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