Cisneros: Profiteers, Not Government, To Blame for Housing Crises..
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Former HUD Secretary Hery Cisneros placed most of the housing crises blame on unscrupulous investors that fueled reckless lending practices and weak regulation rather than housing policies of the past 20 years!!
I think we were ripped off..that's right robbed..not just by Wall Street but the Feds too. Come on folks they all knew what they were doing. Do I need to say G. Sachs..hello..they knew the entire time all these middle to low income new to the real estate market home owners would default on their loans. That is how they set it up. Then they turned around and bet against their own investments..wow, what a scam! So what are we going to do about it..
For once in your life get a little "MAD" call your local politician..tell them you want some heads to roll. If they get enough call all the "bad people" that stole from all of us might actually pay for their crimes..
JUST DO IT..
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Reader Comments (1)
Hey Steve,
When I saw the title of this post I thought I might have to weigh in with a different perspective, but reading the content I find I completely agree. And though Canada was involved in this scandal to a lesser extent, I can't help but feel exactly similar to yourself. We can only hope enough of us are out there to enact some change.
Mike