Capital New York

DrJohn82469 commented on Bloomberg: 'Plain and simple,' Congress caused the mortgage crisis, not the banks

If the banks weren't pressured by the federal government to make risky loans to people, some of who had no legitimate means of ever repaying, none of this would have happened. None of it. This is what happens when the federal government begins implementing their social engineering, central planning schemes. There are always unintended consequences. To make matters worse, Frank, Dodd and Schumer were all warned of the impending disaster, yet the ignored the obvious and pushed for more sub-prime loans. OWS should be in Washington, DC.

Posted on November 1st, 2011 3:07pm