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"I hear your complaints," Bloomberg said. "Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp. Now, I'm not saying I'm sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn't have gotten them without that.
As much as I despise Bloomberg even he isn't willing to lose his credibility in finance by not stating the obvious truth. Barney Franke, his boy toy Franklin Raines, Chris Dodd, and co. had their minions breathing down the necks of the banks making certain they made loans to people who could not afford it just because it would look good in the name of racial demographics.
Why aren't they camped out at Wall Street's "ground zero"..the NYSE ?
That I don't know. My guess is there's not enough space for hundreds of people to camp there.
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