Washington pushed those shaky mortgages, 'plain and simple'
(NEWSER) - New York City Mayor Michael Bloomberg thinks Occupy Wall Street protesters are going after the wrong villains: "It was not the banks that created the mortgage crisis," he said today, according to Capital New York . "It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp." It might feel "cathartic" to blame Wall Street, he added, but the folks in DC "were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody." More»
