What was President Bush warning about when he said the following in 2002?
And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, Government-sponsored corporations that help create our mortgage system—I introduced two of the leaders here today; they call those people Fannie Mae and Freddie Mac—as well as the Federal Home Loan Banks will increase their commitment to minority markets by more than $440 billion. I want to thank Leland and Franklin for that commitment. It’s a commitment that conforms to their charters as well and also conforms to their hearts. This means they will purchase more loans made by banks to African Americans, Hispanics, and other minorities, which will encourage homeownership.
Read more at the American Presidency Project: George W. Bush: Remarks at St. Paul AME Church in Atlanta, Georgia http://www.presidency.ucsb.edu/ws/index.php?pid=62687#ixzz1l4dHkgZP
ping
Oh wow... careful now, don’t let the truth get in the way of King Hussein and his Court of Jesters.(DemocRATS)
The DemonRATs knew and were going to work it so the collapse would happen. Then, they would blame it on Bush and the Republicans. The 2008 elections worked like magic for them.
bump