Michael Bloomberg said in 2008 that end of 'redlining' was to blame for financial crisis

(CNN) -- Michael Bloomberg said at the height of the housing crisis in 2008 that getting rid of "redlining," the biased housing practice that stopped banks from providing mortgages in low-income, largely minority neighborhoods, was to blame for the collapse.

Bloomberg's presidential campaign said Thursday the former New York mayor's comments, which were made at a Georgetown University forum in 2008, were meant to make the point that "something bad - the financial crisis - followed something good, which is the fight against redlining."
The 2008 comments were first...