Rep. Tom McClintock just made some friends on Wall Street.
Because financial misconduct is only criminal if a gun is involved, according to the California Republican.
ThinkProgress dug up this video of McClintock’s recent town hall meeting where a constituent asks the congressman for his “stance on Wall Street criminal practices.”
McClintock begins, “Well first of all, for a criminal practice, there has to be a gun. It’s pretty simple.”
Though, the congressman went on to decry bank bailouts, and added that individual financial decisions — smart or otherwise — are “the price we pay for the freedom to make all of the good decisions in our lives.”
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.