Afraid Trump may have jumped the shark on this one.
Bush asked congress, what, 7-8 times to address the sub-prime mortgage debacle that was coming down the road. Bawney Fag would take no action.
Democrats created the issue by forcing banks to give loans to those they knew couldn’t pay them, Fannie-May, Freddie-Mac, along with large brokerage houses bought these because they were being handed out like candy. They overvalued real estate, and when the house of cards came crashing down, the dems blame W, who did not defend himself.
Of course the media again carried the democrats water.
Trump should have done better home work on this one.
Trump is grossly uninformed on many issues. This is but one.
Oh, mean old Barney Frank was SO intimidating that the GOPe just could not fix the banking system EVERYONE knew was just a few steps from disaster.
This is exactly why the GOPe has to be destroyed!
I do not care if Ted Cruz does it by capturing the nomination or if Trump does it by running third party and sinking the GOPe nominee. As long as the GOPe is destroyed, that is the most important aspect of the 2016 election.
You may want to brush up on your history a bit.
If you're interested in what Bush really did instead of what his handlers said he did, visit my FR home page.
Bottom line: Bush's economic policies caused the real estate crash.
Trump is a buffoon
Yeah, but it was kabuki.
For six years of the Bush admin, he had both a Republican Senate and a Republican House.
Bush also appointed the Comptroller of the OCC and the Treasury Secretary.
It was Bush Republicans in power in the lead up to the catastrophe.
For a full six years.
Not only did they have access to ALL THE DATA IN THOSE CRUCIAL, THEY ALSO HAD COMPLETE LAWMAKING AUTHORITY AND FULL REGULATORY AUTHORITY.
While I will not go so far as to say they developed and implemented all the policies (just some) that led to the big melt, I will say they had the information and the power not only to see it coming but to stop it.
But, since they too were getting paid, they decided to do nothing but ride the gravy train.
Then Bush singed the big bailout that his Treasury Secretary handed him.
The Republican, and the Bush Republicans SPECIFICALLY are fully, 100% responsible.