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NH Republican Debate: Wall Street Not Responsible for Financial Meltdown


By CR - Posted on 12 October 2011

Incredibly, to the Republican Presidential candidates, the finacial collapse of 2008 that ruined millions of peoples lives was not the fault of bank and Wall Street executives and their behaviour, but it was all caused by 2 politicans and Fannie Mae and Freddie Mac. However, no banks were ever forced by politicans to sell subprime loans. In addition, many of the subprime loans were not made by banks, but my mortgage companies that were not regulated by the federal government. They made these loans because of greed: They could make money off of these subprime loans by selling them to Wall Street banks, which then they made money by packaging them into securities and selling them. 

Occupy For Accountability calls for the real culprits of these crimes to be held accountable: Mortgage companies and bank executives who actually caused the financial collapse.