Bloomberg’s Awful Comment; What Can We Say For Certain Regarding the GSEs? | Rortybomb

Bloomberg’s Awful Comment; What Can We Say For Certain Regarding the GSEs? | Rortybomb

This article is a basic primer on how the GSE's interacted with the housing bubble. They had little to do with the housing bubble. I suggest everyone read this article.

This is the disturbing lie made by Mayor Bloomberg:


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.

But Rortybomb proves that this deflector for the elite, king of shitheads, is full of same. 

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