GOP Senator Still Thinks Efforts To End Housing Discrimination Fueled Financial Crisis
Sen. Ron Johnson (R-Wis.) blamed the U.S. government for the 2008 financial crisis ― instead of big banks and Wall Street ― in a local radio interview last week.
“A lot of that was juiced by government policy that forced banks to make loans to people who couldn’t pay them off and then allowed banks to have mortgaged-backed securities without collateral so they didn’t have the capital to back it up,” Johnson said in response to a question about what caused the economic collapse during an Aug. 17 interview with WVRQ AM 1360.
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