Replies

RE :”” . Democrats uncorked fannie mae and freddie mac and directly caused the housing crash destroying 6 trillion dollars in assets for homeowners.”
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The banks didn’t start full throttle on sub-prime until 2002. THe banks/mortgage companies then opened the floodgates from 2002-2007. Bush gave a half hearted attempt to slow it down, but when rebuffed, he jumped on the sub-prime bandwagon. FReeper Sickoflibs saved the proof if you want it.”

Yes those waskally Dems twicked Bush into a housing bubble that he took credit for in 2004 to get re-elected, new homeowners, cash in pocket, happy days are here again. That Bawny Fwank is an evil genius getting Bush to say this.

GWB 2002 Speech :”More and more people own their homes in America today. Yet we have a problem here in America because fewer than half the Hispanics and African Americans own their own homes. That’s a home ownership gap; a gap that we got to work together to close. And by the end of this decade we’ll increase the number of minority homeowners (future Obama voters ) by 5.5 million families. “
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“One of the major obstacles to minority home-ownership is financing. Fannie Mae and Freddy Mac (who I will bail out in 2008) have committed to provide more money for lenders, they committed to meet the shortage of capital available for minority home-buyers. Freddie Mac just began 25 initiatives around the country to dismantle barriers (like income requirements) and create better opportunities for home-ownership. One of the programs is designed to help families with bad credit histories to qualify for home ownership loans (by faking their income) . You don’t have to have a lousy home for first time home-buyers. You put your mind to it the first time low income home buyer can have just as nice a house as anyone else (till those adjustable rates go up). “
President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)

Funny how GOP loyalists were falling all over themselves to take credit for the housing bubble upswing, but as soon as it turns sour AFTER GWB re-election it was all Fwank, Clinton and Carters fault. Bush knew NOTHING, NOTHING about all those easy loans and low interest rates,, just like Obama and Benghazi.

President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)

President Bush Reiterates Goal on Homeownership, Remarks by the President on Homeownership, Department of Housing and Urban Development Washington, D.C. (2002)

Early in George W. Bush’s first administration, a home ownership initiative was introduced, sometimes referred to as the Blueprint for the American Dream, to close the homeownership gap by 5.5 million minority families. Along with this homeownership initiative, there were other policies implemented to dismantle barriers to homeownership in minority communities.” from :
The Great American Mortgage Scam & The Latino Community

George W. Bush, The White House.gov: Homeownership Continues to Increase in 2002 , HUD Statement on Record Homeownership Rates in 2002

George W. Bush, The White House.gov: National Homeownership Month, 2003, By the President of the United States of America A Proclamation