https://www.youtube.com/watch?v=cMnSp4qEXNM&NR;=1
Sorry, I don't know why this link may not work.
I do know that President Bush did not order banks to begin issuing sub-prime mortgages. The actual practice began during the Clinton years.
Many bankers were heeding Bush/Greenspan warnings to curtail sub primes, when democrat operators in the FDIC threatened them with audits, and investigation (publicly calling them racists) if they did. What I have found is there are as many opinions about the cause of the financial crash of '06 as there are defunct banks, but in no way can it all be placed on the shoulders of George W. Bush.
So, in 2001 Bush was calling for stronger oversight of FM/FM, but in 2001 he signed the P4P agreement, then in 2002 he called for FM/FM to increase spending by $400 billion and called on Congress to fund the American Dream Downpayment Act and in 2003 he created the NATF to allow FM/FM to buy the sub-prime loans of millions of Mexican illegal aliens and then in 2004 signed both the American Dream Downpayment Act?
While he may have 'called' for more oversight, his actions were those of someone who says one thing and does another.
What on my FR home page, in your opinion, is innuendo?
I do know that President Bush did not order banks to begin issuing sub-prime mortgages. The actual practice began during the Clinton years.
You've got it backwards. The banks weren't doing Clinton's and Bush's bidding. Clinton and Bush were doing the banks' bidding.
Many bankers were heeding Bush/Greenspan warnings to curtail sub primes...
Source, please.