(WASHINGTON) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown. “It all started back when there was a lot of pressure on banks to make loans to everyone,” Bloomberg, now a Democratic presidential candidate, said at a forum that was hosted by Georgetown University in September 2008.
Michael Bloomberg Once Blamed End Of Discriminatory ‘redlining’ For 2008 Financial Collapse
Brian Slodysko / AP, Time
Wed, 02/12/2020 - 9:38pm
Topics: york mayor michael bloomberg georgetown university september ldquo;redlining congress ldquo;it s debra gore-mann ceo greenlining campaign stu loeser january mayor.&rdquo massachusetts sen elizabeth warren s delaware joe biden on tuesday aspen new york city hispanic xerox to party ldquo;mike america&rdquo speaking ldquo;i introducing bloomberg dr elenora woods naacp americans look mike bloomberg associated press alexandra jaffe washington kathleen ronayne i washington bloomberg ldquo;it democratic ldquo;i institute loeser black bloomberg s tenn chattanooga collapse banks loans comments started caused cops elected lot predatory color term meltdown reflect good house borrowers wednesday people crash don remarks held resurfaced young
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