While the mortgage housing bubble had seeds going back decades, Bush people did nothing, even when any sane person could see the writing on the wall.
Bush took credit for his administration attaining record levels of home ownership, when his advisors knew or should have known it was built on a pending crisis.
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***OUTRIGHT LIES!***
PLEASE .. do your due diligence, and STOP spreading more garbage that’s untrue.
Pres. Bush tried multiple times since 2003 to rein in Fannie Mae/Freddie. He made seventeen attempts alone in 2008. Every time, Dodd, Frank, et all squashed his attempts.
Yes, he wanted sensible home ownership for folks, but saw
the the risks they were taking on several years ago, and strongly recommended stiffer regulation..
The President proposes ... Congress disposes. Remember that?
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Sunday, September 21, 2008
Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings
http://gatewaypundit.blogspot.com/2008/09/bush-called-for-reform-of-fannie-mae.html
Want to apologize now or temper your words?
PING to #99 for your enlightenment!
“Want to apologize now or temper your words?”
I will temper this much. Whatever he did was not strong enough, and it is results that matter.
The GOP had majorities in both houses until 2006. Budgets and legislation came from GOP led committees.
Had the Bush led GOP felt it important enough, more could have and should have been done.
He had an Attorney General who could have investigated the mortgage industry. He had an SEC chairman who could have made the case for unsafe securities.
Bush is cannot be portrayed as having no responsibility for it, simply because warning letters are written.
Okay?