Lubov asks Bannon what concrete measures investment banks should take to combat poverty, given his experience in the industry.
This document is a transcript page, likely from a House Oversight production, featuring a Q&A between Steve Bannon and Deborah Lubov at a conference on poverty. Bannon critiques the 2008 financial crisis, attributing it to greed and regulatory changes led by Hank Paulson that allowed excessive leverage (35:1) at banks like Goldman Sachs. He laments the lack of criminal charges or financial penalties for bank executives following the crisis.
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