Why did no bankers go to jail after 2008? Author Marc Hoffman says we've been told the wrong story about the crash.

In this Political No-Brainer interview, Hoffman, author of Rant, argues the 2008 financial crisis was triggered by oil price manipulation — not mortgages. He alleges Morgan Stanley, Goldman Sachs and BP used the Intercontinental Exchange (ICE) to drive oil to $147, crushing households and triggering the mortgage collapse, Lehman Brothers failure, and 15 million foreclosures.

"They're taking money from 300 million people and giving it to 50,000 people. I don't see that as circulating money." — Marc Hoffman

We dig into his attempts to report to the FBI, DOJ and CFTC, the TARP bailouts, why fines were only millions upon billions in profits, and what he thinks would actually deter Wall Street.

Guest claims are presented as alleged in his book for open discussion, not as established fact.

Marc Hoffman book Rant: mkhoffman.com and Amazon.

#2008FinancialCrisis #FinancialCrisis #GreatRecession #WallStreet

Timestamps:

00:00 - Intro: Why No Bankers Went to Jail?

01:16 - Hoffman's Thesis: Oil Caused the Recession, Not Mortgages

04:00 - ICE, Morgan Stanley & Goldman Sachs Explained

05:30 - Tankers, Refineries & Storage: The Conflict of Interest

06:23 - Katrina, $3.50 Gas & Connecting the Dots

09:15 - How $1,500/Month Broke American Households

11:30 - Why Economists Missed the Recession

13:50 - FBI, DOJ & CFTC: Reporting the Manipulation

16:20 - Goldman, Morgan Stanley & the Mortgage Collapse

17:46 - Lehman Brothers & 40:1 Leverage

19:06 - Wealth Inequality, Obama Era & No Prosecutions

20:24 - TARP Bailouts & Oil Prices Go Back Up

28:05 - NY Attorney General & Million-Dollar Fines

30:57 - Would One CEO in Jail Fix Wall Street?

39:18 - Book 'Rant' & Where to Find Marc Hoffman
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