Bloomberg once blamed end of 'redlining' for 2008 collapse
WASHINGTON (AP) ” 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. ‘Redlining, if you remember, was the term […]
