Hillary Clinton officially and unwittingly put yet another nail in the coffin of her presidential campaign years before it even began. It seems the high-and-mighty candidate put her foot in her mouth yet again, and this time there is no going back. An interview has been dug up from Hillary’s 2007 presidential campaign in which she actually blames Bush’s housing crisis on the homeowners who lost everything.
The very Republican statement was made at the NASDAQ headquarters on December 5, 2007 while Hillary was still the Senator of N.Y. The statement was made before the Great Recession had peaked, and before there was any talk of Wall Street reform. Hillary was a big supporter of capitalism then too, it seems, and she didn’t really seem to mind that people were losing their homes due to corrupt policies, until it went mainstream.
The ever-wrong (soon to be second-time loser) Bill wannabe was actually quoted as saying:
‘Now these economic problems are certainly not all Wall Street’s fault – not by a long shot.’
WRONG. Those economics were very much the fault of Wall Street, and that is now an indisputable fact. Hillary then went on to ask her audience of financiers to fix the problem or she would have to “consider legislation.” I’m not sure what exactly they were supposed to be fixing, since moments before she took all the blame from Wall Street and placed it on the individual homeowners who had been swindled by huge corporations like Fannie Mae and Freddie Mac:
‘Home-buyers who paid extra fees to avoid documenting their income should have known they were getting in over their heads.’
According to US Uncut:
‘Out of all 50 states, Hillary Clinton’s constituents in New York were some of the hardest hit by the foreclosure crisis. The U.S. Department of Justice’s $13 billion mortgage fraud settlement with JP Morgan set aside an entire $1 billion in restitution just for New York homeowners, out of a total $4 billion allocated for consumer relief. The bank was sued for selling mortgage-backed securities to investors, knowing full well the investments were bogus.’
‘In 2014, Bank of America paid a larger $16 billion settlement for committing the same crime in the years leading up to the financial meltdown. While Bear Stearns helped package mortgage-backed securities for JP Morgan, Bank of America’s partner-in-crime in peddling bogus securities was Merrill Lynch. Out of the $16.65 billion, $300 million was set aside for New York homeowners. The loans Hillary Clinton referred to in her December 2007 speech, in which potential home buyers pay extra fees to not disclose their income, accounted for 40 percent of new mortgages between 2006 and 2007, according to Forbes.’
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