Your link was about the 1990’s. I was just indicating that big government has been messing with mortgage money always. It doesn’t clear President Bush for his part.
I never did clear president Bush for his part.
Governments have been messing with money for thousands of years.
1980’s Home equity tax deductions were not part of the cause of this recent housing collapse. That’s like saying child tax credits will result in an overpopulated baby boom.
My link is about the 1990’s because that’s where the lending requirements went to hades. Pointing out loans from the 1980’s when the lending requirements were sound makes no sense to me.
Understatement.
Back in 2003 and 2004 pushing home loans to minorities with bad credit was sold BY REPUBLICANS as a brilliant political 'Rove' type move to get a few of their votes for 2004, all lost by 2008 when those houses were foreclosed on. then the same Republicans denied they (GWB) were ever for it, by then it's was all a Dem plot which apparently worked well for them.
Bush home Ownership links:
Bush pushes minority homeownership (FR post | June 15, 2002 | By KATHY A. GAMBRELL)
Bush seeks to increase minority homeownership (FR post USA Today ^ | 1-20-04 | Thomas Fogarty )
President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)
Compassionate conservative was proved to be a huge failure under Bush as all those minorities voted Democrat by 2008 after they lost all those homes promoted above.