I don’t know how he was going to stop people from buying houses with no credit. I believe that Arabs can have a democracy,(however I feel a monarchy mixed democracy is best for them). He did push business to the detriment of main street, that was his big mistake.
There were several regulatory agencies whose job it was to prevent this sort of abuse. Bush has a “free market” mantra, that doesn’t work because we have to stand behind the Fannie and Freddie loans.