“Bush’s clearly stated goal was to promote home ownership so people have a stake in their communities. He was clear.”
Talk is cheap. The implementation expensive.
“The rats then screwed with the loan processing rules.”
Yes Bush’s regulator was treated very badly in Barny Frank’s committee.
Bad enough as that was, then Bush said NOTHING, which is abrogation of his responsibility to see that the law is obeyed.
You’d expect of Frank what he did — but did you expect that of Bush?
“Bush trusted people would act in good faith FAR TOO MUCH. Which pissed me off.”
Good faith is not enough. Neither Bush, Daddy or W, learned from Reagan — “trust but verify.” That was supposed to have been W’s promise — that he’d be more like RR than Bush41. Remember? Yet this is only one of several areas where he failed. I’m glad you’re pissed off too. Keep that reminder. I have.
“There was no hidden agenda.”
You do not KNOW that.
I’ll give you the benefit of the doubt that you TRUST that it is so. What were you saying about trusting FAR TOO MUCH?
The verification for what you are denying is still wanting. There’s a great deal to fear from globalist influence. Money can be used to buy allegiance,
or to spy and then twist arms,
or buy thugs who break arms and more.
Statism is today’s true threat.
Somebody explain to me why the ONLY thing W really fought for was amnesty with chain migration. THAT I want to hear.
” How about Bush pushing home loans for totally unqualified minorities several years before the housing market imploded....
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American Dream Downpayment Initiative - Affordable Housing - In FY2007, Congress appropriated $24,750,000 for ADDI. Previously, Congress appropriated $74,513,000 in FY2003 and $86,984 in FY2004, $49,600,000 in FY2005 and $24,750,000 in FY2006 http://www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/ Seems ADDI turned out to be chicken feed in relation to the current crisis.
You also have the debacle with younger brother Neil???
http://www.allbusiness.com/personal-finance/real-estate-mortgage-loans/282011-1.html