[sickoflibs]

RE :”I was just indicating that big government has been messing with mortgage money always. It doesn’t clear President Bush for his part.”

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)

Speaker Hastert Touts Law Closing the Homeownership Gap for Minorities (FR Post Wednesday, October 01, 2003 )

Fact Sheet: Expanding Homeownership Opportunities for All Americans (December 16, 2003 American Dream Downpayment Act of 2003)

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.

[ding_dong_daddy_from_dumas]

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.

GWB talked out of both sides of his mouth wrt home ownersahip, and the GWB fanatics repeat only what came from one side. Just because I hate Barney Frank, Ted Kennedy and company does not mean I must excuse Bush.

[stephenjohnbanker]

Back around the summer of 2006, I tried to warn as many FReepers as I could that California and Nevada prices were insane, and that there would be a bloodbath. I was flamed like no tomorrow : )

[donna]

In the 1980’s before things got even crazier, loan originators used to photo copy the driver licenses of the borrowers. Then they would pass around the copies to get opinions of last names to see if they could be listed as minority lending because of red-line pressure from big government.

[CommieCutter]

This is all I’m saying.

http://confoundedinterest.files.wordpress.com/2012/03/nhsdream3.pdf