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Middle class has been let down

Reader Input
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It is truly laughable that Mr. Cornelius Ough could even suggest that the information of the danger of high-risk loans was not made available to the banks (Reader Input, Dec. 23). Even if this were the case as the Wall Street Journal reported, the very name of his source should indicate the particular agenda/slant of the article in question. Trusting the Wall Street Journal to print an article that reveals the largest investment banks were not complicit in a financial meltdown of epic proportions is akin to believing a report funded by the energy interests (natural gas, coal and oil companies) that climate change is a huge hoax perpetuated by environmentalists, The Sierra Club and Al Gore. Even worse, if they allowed execs at Fannie Mae and Freddie Mac, as he states, to pull the wool over their eyes costing them trillions, why on earth would or should they be bailed out for ineptitude they exhibited? Too big to fail? Too ignorant not to if they were duped into buying or financing loans they knew little or nothing about. In my humble opinion that is no excuse, only a reason to break them up and get them out of the investment business altogether. If you’d like to blame Congress for something (and I do indeed), blame them for ever allowing banks to get into the investment/stock game. Forbidding them to do so is the best course of action in the foreseeable future. Many members of numerous Congress’s have slowly eroded the federal regulations banning this practice. That is how Congress let the American people, especially the middle class, down. Stan Brulenski, Auburn