Hmmmmm ... half-truths and whole lies ....
Mr. Bloomberg is right that the Congress at that time passed laws to make it easy to offer/give loans to people who shouldn't have qualified for them.
But ... he seems to leave out the TRUTH in that ..... Congress passed the legislation at the INSISTENT URGING of then-president GeeDubya Bush!!
Mr. Bloomberg seems to FORGET that the ex-prez's INTENTION was to target Hispanics for their support/vote by opening up the opportunity to become "homeowners"!!! The fact that many African Americans also gained home ownership in large numbers was just an unintended consequence - considering everybody KNEW that he couldn't get our vote for him no matter WHAT tricks he used!!
Blame it on the Congress .... yeah ... but also put that BLAME where it further belongs .... to our distinguished horse-riding, "Dead or Alive", Wyatt Earp-wanna-be cowboy ex-president!!! 'Cause it was ALL his idea!!!
One of the worst among many.