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Sunday, December 11, 2016

New York City Mayor Michael Bloomberg — whose relationship with the Occupy Wall Street movement has, to say the least, been frosty — decried protesters’ claim that bankers are at the heart of the financial crisis on Tuesday, pinning the housing and mortgage bust that started in 2006 squarely on the backs of poor borrowers and, of course, that perennial conservative villain: the Feds.

“It was not the banks that created the mortgage crisis,” Bloomberg said at a business breakfast in Manhattan. “It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp.”

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