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They are supposed to do all these things, which they didn’t do, but they are supposed to do all these things at low transaction costs. And our financial sector did it at
very high transaction costs. About 40% of all corporate profits went to the financial sector in the years before the crisis. They were really garnering from the rest of the
society huge amounts for not doing what they should be doing. Well, that's not the way a market economy, a capitalistic economy, is supposed to operate.
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