Huh? Come on, Hillary, this is ridiculous. Easy low interest loans fueled by the mortgage backed derivative craziness for sure DID cause the financial crisis.
If banks weren't handing out ridiculous no money down mortgages TO ANYONE WITH A PULSE the banking crisis WOULD NOT HAVE HAPPENED... or if it did it certainly wouldn't have been so bad.
via Bloomberg:
“A lot of what caused the risk that led to the collapse came from institutions that were not big banks,” she told the Des Moines Register. And when actress/director/writer/cultural whirlwind Lena Dunham challenged her ties to Wall Street this week, Clinton said the problem with those who call for breaking up the giant lenders is “a lot of the problems were not from these traditional banks.”
snip
Deflecting blame from the banks also raises the question for Clinton: What about the crisis woes of firms such as Citigroup Inc., which has long been among her banking supporters? The lender and its employees have been the No. 1 contributor to her political career, giving more than $800,000—even during the period she told Dunham she “took on Wall Street” as a senator from New York. And two of Citigroup’s fellows in finance have stepped in as top-10 donors to the Democrat’s presidential run: Morgan Stanley and JPMorgan.
“If you don’t think Citibank was center to this crisis, it’s hard to imagine why we spent billions bailing them out,” said Robert Borosage, co-director of the liberal Campaign For America’s Future, who referred to Clinton as “Wall Street’s favorite Democrat.”
If you ever need proof that we need Bernie in the White House.... it's that ridiculous quote right there.
It's so out of touch with the people and reality.
We need real change and reform. We need Bernie Sanders.