Capital New York

beahonest commented on Bloomberg: 'Plain and simple,' Congress caused the mortgage crisis, not the banks

Mayor Bloomberg - Obviously, you effort to absolve the banks has fallen flat. Congress is always a popular whipping boy but lets get real here. You know who was to blame - the peasants on the "cusp" who applied for loans they were assured they could afford because they thought they and their children were entitled to a share of the American dream. You know, the 99 percent who are outside looking in. They paste their runny noses on the glass and leave such a mess. By the way, in addition to the banks and Congress, I personally would like to add to the list of villains the watchdogs that were supposed to protect the American public - the Securities and Exchange Commission and the rating agencies.

Posted on November 4th, 2011 12:19pm