Blame Bankers, Not Buyers
The Occupy Wall Street movement signifies that people are finally blaming the bankers — not middle- and working-class buyers — for the financial meltdown. Cynthia Tucker writes in her new column, “Protesters Turn Up The Heat Where It Belongs”:
There have been many wrongheaded explanations for the financial meltdown that fueled the Great Recession, but none is more ridiculous than this: The banks were brought down by greedy working-class home buyers aided by the heavy hand of the federal government. In other words, a financial crisis that has swept through the Western world was caused by secretaries and bus drivers who bought four-bedroom houses they couldn’t afford.