Republicans Give Cover To Wall Street’s Crimes

• The bipartisan Financial Crisis Inquiry found that a deregulated Wall Street created a global web of interconnection that no one understood, to the point where one bank’s collapse could bring down the world financial system.

• Republicans didn’t like their conclusions, so they released their own report blaming the government for creating a housing bubble that private players got suckered into.

• The exact opposite is true, and everything in their report had already been widely debunked.

…we should have realized that party loyalists, confronted with facts that don’t fit the slogan, would adjust the facts.

Wall Street Whitewash