HolyCoast: #OccupyWallStreet Quote of the Day

Wednesday, November 02, 2011

#OccupyWallStreet Quote of the Day

From NYC Mayor Nanny Bloomberg who occasionally gets something right:
Speaking at a business breakfast in midtown featuring Bloomberg and two former New York City mayors, Bloomberg was asked what he thought of the Occupy Wall Street protesters.

"I hear your complaints," Bloomberg said. "Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp. Now, I'm not saying I'm sure that was terrible policy, because a lot of those people who got homes still have them and they wouldn't have gotten them without that.

"But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody. And now we want to go vilify the banks because it's one target, it's easy to blame them and Congress certainly isn't going to blame themselves. At the same time, Congress is trying to pressure banks to loosen their lending standards to make more loans. This is exactly the same speech they criticized them for."
So, when is Mayor Nanny going to go and kick those crapheads out of Zuccotti Park?

NYC just lost 21 good jobs when a restaurant on Wall Street had to start laying off staff because the protests were killing their business. Others are hurting, seeing losses of as much as 60% or more because people don't want to come down to an area where they're confronted by losers.  Does Bloomberg want good jobs or smelly hippies in NYC? I'm still not sure the answer to that one.

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