Capital New York

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

Very convenient to pretend that Congress, as a whole, isn't owned, lock stock and bank accounts, by the major investment houses, banks and insurance giants (among other corporate 'supporters). The legalized bribery that pours in under the guise of 'campaign contributions' goes to finance the corrupt legislation which allows outright fraud to pass as 'business'. I feel deeply for the poor houses like Goldman, who were 'forced' by the government to concoct CDO's & other asinine faux-securities and pass them off to all who trusted them on the basis of their reputations. Theft, by any other name, damages just as badly.

Posted on November 2nd, 2011 12:12pm