VIDEO SURFACES=> HILLARY CLINTON Defended WALL STREET – Blamed Homeowners During Financial Crisis
On Tuesday Hillary Clinton accused Donald Trump of “cheering” the housing crisis that saw millions of Americans lose their homes.
Hillary Clinton was probably hoping her comments during the crisis would not surface.
Hillary defended Wall Street during the crisis and blamed American homeowners.
US Uncut reported:
When Clinton ran for president during her second term as New York’s U.S. Senator, she gave a tepid speech at the NASDAQ headquarters on December 5, 2007 — before the financial crisis reached a boiling point — about reforming Wall Street’s housing loan practices, largely excusing financial criminals for their behavior.
“Now these economic problems are certainly not all Wall Street’s fault – not by a long shot,” Clinton said early in the speech.
Clinton’s NASDAQ address amounted to essentially asking the financiers assembled to take voluntary action or else she would “consider legislation” to stop banks from kicking families out of their homes. But early on in the speech, Clinton placed equal blame for the subprime mortgage crisis on low-income homeowners alongside Wall Street.
“Homebuyers who paid extra fees to avoid documenting their income should have known they were getting in over their heads,” Clinton said.