Michael Bloomberg | FORECLOSURE FRAUD | by DinSFLA

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Bloomberg Blames Congress Not Wall Street For Mortgage Crisis [VIDEO]

Bloomberg Blames Congress Not Wall Street For Mortgage Crisis [VIDEO]


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Mayor Michael Bloomberg blames congress and defends banks, over the mortgage crisis, during a November 1, 2011 breakfast in midtown.

But Who Created The Fraud? Who got paid to let Wall Street do what they so desired?

 

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Bloomberg: Why would banks lend money when you want to put them in jail

Bloomberg: Why would banks lend money when you want to put them in jail


Via: Meet The Press

MR. GREGORY: Can you explain how that impacts businesses? Because we hear it, it’s a conventional wisdom that a lack of leadership, uncertainty, means that businesses aren’t hiring. They’re making money, they’re doing more with less, and yet they’re not hiring.

MAYOR BLOOMBERG: Well, nobody has any confidence. If you’re a bank and you have money, would you make a loan when people are talking about putting you in jail for what happened in the mortgage crisis three, four years ago? You hunker down. If you’re a business, would you go take a loan and expand and hire more people when every day there’s talk about different regulation, different tax policy? Business has to know what it’s going to be in the future to plan because hiring people is a long-term commitment. If you’re an individual, would you go take that extra vacation, buy a new house and that sort of thing when you’re not sure whether Washington is going to do what’s right to keep job creation going in America? That’s the–in the end, it is confidence, confidence, confidence.

[image: exploredia]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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