Michael Bloomberg – We Want Our Money Back
November 3, 2011 at 9:06 PM Leave a comment
Michael Bloomberg — a 1%-er — thinks We the People are idiots:
November 1, 2011: “It was not the banks that created the mortgage crisis. … It was, plain and simple, Congress who forced everybody to go and to give mortgages to people who were on the cusp” and who “pushed Fannie and Freddie to make a bunch of loans that were imprudent; they were the ones that pushed the banks to loan to everybody.
But the always-wonderful Matt Taibbi fights back:
In order for this vision of history to be true, one would have to imagine that all of these banks were dragged, kicking and screaming, to the altar of home lending, forced against their will to create huge volumes of home loans for unqualified borrowers.
In fact, just the opposite was true. This was an orgiastic stampede of lending, undertaken with something very like bloodlust. Far from being dragged into poor neighborhoods and forced to give out home loans to jobless black folk, companies like Countrywide and New Century charged into suburbs and exurbs from coast to coast with the enthusiasm of Rwandan machete mobs, looking to create as many loans as they could.
And here’s the icing on the cake:
“Well, you know what, Mike Bloomberg? FUCK YOU. People are not protesting for their own entertainment, you asshole. They’re protesting because millions of people were robbed, by your best friends incidentally, and they want their money back.”
Yes. We. Do.
Entry filed under: Corporatocracy, Democrats, Including Blue Dogs & "Liberals", Don't Get Ripped Off, Dumbed Down, Fascist America, Occupy Wall Street, President Barack H. Obama and Co., Republicans, Including Wingers & "Moderates". Tags: .
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