[lbo-talk] More on "Barney Frank did it" ...

[123hop at comcast.net]

Yes, Matt Taibbi also has an excoriating column on that topic 

http://www.rollingstone.com/politics/blogs/taibblog/one-last-note-on-michael-bloomberg-20111105 

J. 

----- Original Message ----- 
From: "Jordan Hayes" <jmhayes at j-o-r-d-a-n.com> 

There's been a bit of a buzz recently about something that Michael 
Bloomberg said: 

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.. 
But they were the ones who pushed Fannie and Freddie to 
make a bunch of loans that were imprudent, if you will. 
They were the ones that pushed the banks to loan to everybody.