Ruben Kihuen on Budget & Economy

Wall Street blames homeowners for the foreclosure crisis

We didn't get here by accident. Congress is controlled by the wealthy and the elite, by Wall Street bankers and billionaires, who have rigged the system against working families to protect their own bottom line.

Many, especially those on Wall Street, want to blame me and millions like me who lost their homes in the foreclosure crisis. But the truth is that this wasn't a case of a handful of Americans making bad financial decisions. It was widespread fraud by large banks and Wall Street bankers looking to turn a quick profit at the expense of people's financial security and well-being. Worst still, after the economic collapse, the same elite that ruined so many lives and so many dreams demanded that the American people bail them out.