Bush did.. but they left out the originator, bill clinton and janet reno... they forced banks to loan to those who could not pay. I remember reading the news that they were buying homes with no down payment.. It was hard to believe... I had to have a down payment.. those who couldn’t afford a house, didn’t have to.
I sold my house 14 years ago to a family from Guatemala who repeatedly said this was the American Dream. At closing they signed papers for an hour.. they had relatives there who could speak English.. The man was a mechanic... his payments were way over his income. The man didn’t seem to know what he was getting in to.
bill didn’t care what happened to his mandates.. and Bush didn’t bother to change it or stop it. Janet reno did a lot of dangerous and unlawful things... she left a bad taste in our country..
And the banks just leveraged those bad mortgages into AAA bonds they fraudulently passed on to investors. And no one ever went to jail. Everyone made out like a bandit. Except the taxpayer. Got screwed. Again.