![]() ![]() First 15 minutes are free of charge so you can try our service. This simple yet powerful app immediately transcribes your meetings, interviews, memos, lectures, and talks into text. Share the results with friends and colleagues. Timestamp words and identify who is talking. Keating reportedly paid Greenspan 40,000 dollars.Ġ1:15:45.01 Charles Keating went to prison shortly afterwards.Transcribe meetings, interviews, and memos in real time. In this letter to regulators, Greenspan praised Keating's sound business plans and expertise and said he saw no risk in allowing Keating to invest his customers' money. NARRATOR: In 1985, when federal regulators began investigating him, Keating hired an economist named Alan Greenspan. One of the most extreme cases was Charles Keating. NARRATOR: Thousands of savings and loan executives went to jail for looting their companies. TOM BROKAW: It may be the biggest bank heist in our history. This crisis cost taxpayers 124 billion dollars, and cost many people their life savings. ![]() ![]() By the end of the decade, hundreds of savings and loan companies had failed. NARRATOR: The Reagan administration, supported by economists and financial lobbyists, started a 30-year period of financial deregulation.Ġ1:14:45.00 In 1982, the Reagan administration deregulated savings and loan companies, allowing them to make risky investments with their depositors' money. They all say, we're behind the president one hundred percent. I've talked to many leaders of Wall Street. Inside Job transcript – Sony Pictures – September 2010 14 Inside Job transcript – Sony Pictures – September 2010 1ĭONALD REGAN: Wall Street and the president do see eye to eye. ![]()
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