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View Diary: Mayor Bloomberg repeats right-wing lies about genesis of financial crisis (57 comments)

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  •  No, I won't (2+ / 0-)
    But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will.

    Fannie and Freddie don't make loans to individuals.

    The loans made by community banks subject to the Community Reinvestment Act are outperforming the loans made by the big mortgage brokers like Countrywide.

    BTW, Angelo Mozilo, chairman of the board and CEO of Countrywide settled with the SEC early this year for a $67.5 million fine and a lifetime prohibition from serving as a director or officer of any public corporation. Peanuts for him, and it gets him off from any criminal prosecution.

    Bloomberg did not make a mistake about this. He knows better. He's a lying SOB.

    Men never do evil so completely and cheerfully as when they do it from a religious conviction. -- Blaise Pascal

    by RJDixon74135 on Tue Nov 01, 2011 at 05:57:17 PM PDT

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