I would never have expected that from you. It's clear Bush, by appointing two political minority cronies (Mel Martinez and Alphonso Jackson) as Sec's of HUD, under whose jurisdiction F&F fell, Bush fully knew where F and F would go. Bush should have known that both of those guys were simply going to run wild with the entities but did nothing about it.
I do agree about Cox and the banking system, though. BTW, since Cox reported directly to Bush how does your formula work?
Housing for all was a Democrat push, after a while the me-too Republicans hopped on board and did a pale imitation. They wanted some of the minority vote.
I read that the mortgage mess was a relatively containable mess until Wall Street stepped in and started securitizaing mortgages on a much vaster scale. That Wall Street/Banksters made it ten times worse. I have no love for the Federales but most blame rests with the bankers/Wall Street and they made mega bonuses and profits doing it
You are right. Blame GW Bush about 20% for not regulating the thieving scum on Wall Street. Chris Cox was inert and useless. Jim Cramer criticized him all the time. It is commonly known how low and thieving the Banks/Wall Street are and that they use "free market" propaganda as a cover. GW still buys into this nonsense so he obviously learned nothing just the same as many freepers who buy into the myth of "free trade" even when we run up 500-700 billion dollar trade deficits and China threatens us saying "Do not disrespect our investments with you"