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- Michael Bloomberg: ‘It Was Not The Banks That Created The Mortgage Crisis’ [WATCH]
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The saddest thing about this is that he might very well believe this nonsense.
This idea has been debunked so many times, it’s ridiculous but it’s like one of those vampire movies, there’s always a sequel.
“I hear your complaints,” Bloomberg said at a Tuesday business breakfast. “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.”