The Hill News

New York Mayor Michael Bloomberg said he understood the complaints of Occupy Wall Street protesters but said they should direct their blame for many of the country's economic woes at Congress and not the nation's big banks.

"I hear your complaints," Bloomberg said Tuesday at a business breakfast in New York according to Capital New York. "Some of them are totally unfounded. It was not the banks that created the mortgage crisis. It was, plain and simple, Congress who forced everybody to go and give mortgages to people who were on the cusp. Now, I'm not saying I'm sure that was terrible policy, because a lot of those people who got homes still have them and they w! ouldn't gave gotten them without that."

Bloomberg said it was Congress that encouraged Americans to rashly take out loans.

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