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Bloomberg: Banks Didn’t Cause Crisis

Says Congress is to blame.

cheats/2011/11/02/bloomberg-banks-didn-t-cause-crisis/ows-stars-bloomberg_inhs5p

Karly Domb Sadof / AP Photo

Maybe New York City Mayor Michael Bloomberg is trying to get the goat of Occupy Wall Street protesters. He said on Tuesday that big banks are not to blame for the financial crisis. “It was not the banks that created the mortgage crisis,” Bloomberg said Tuesday. “It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp.” He said, “We want to go vilify the banks because it's one target, it's easy to blame them, and Congress certainly isn't going to blame themselves.”

Read it at Capital New York

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