"But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will," Bloomberg continued. "They were the ones that pushed the banks to loan to everybody. And now we want to go vilify the banks because it's one target, it's easy to blame them and Congress certainly isn't going to blame themselves. At the same time, Congress is trying to pressure banks to loosen their lending standards to make more loans. This is exactly the same speech they criticized them for."
Since the anti-Wall Street protests were launched, Bloomberg has at times experienced friction with the protesters but has also said it was important to protect their First Amendment right to protest.