[Sons of Union Vets]

This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was Coming, if something was not done. But Congress refused to Listen, along with the arrogant Congressman, Barney Frank. This video says it all.. The liberal media reportedly did not want this video on You Tube; it was taken off. This link is of the same video, but is routed through Canada . Everyone in America needs to see this before it is yanked off the Internet again! Let's see how far we can spread it before it's pulled off the Canadian site.

[Pearls Before Swine]

Bush did warn them, but he didn’t make a big enough fuss and go public persistently on this. Fiscally, Bush was profligate and inattentive. Nothing like Obama, but still...

[MEG33]

Thanks..I remember it well..and Barney Frank’s defense.

Look at us now!

[newzjunkey]

Awesome video. I love the quote from Barney Frank saying if there are problems the government WON'T bail them out.

Barney Frank and Schumer, among others I'm sure, should be in stockades for their roles in protecting Wall Street and creating the perfect storm that hit in 2008.

[Mr. K]

THANKS!!!

I was just arguing with some troll this morning about this very thing

[trumandogz]

While the report is rather compelling, it somehow does not address how bills loosening the credit market passed the Republican House and Senate and was signed into law by President Bush.

And for some reason, it ignores comments made by President Bush in 2002 regarding home ownership.

“One of the barriers to homeownership is the inability to make a downpayment. And if one of the goals is to increase home-ownership, it makes sense to help people pay that downpayment. We believe that the amount of money in our budget, fully approved by Congress, will help 40,000 families every year realize the dream of owning a home.”

-George W. Bush

“And we want to fully implement the Section 8 housing program, homeownership program. The program will provide vouchers that first-time home buyers can use to help pay their mortgage or apply to their downpayment. Many of the partners today, many of the people here today, many of the business leaders here today are creating a market for the mortgages where Section 8 vouchers are a source of the payment, and that’s good. See, it’s an underpinning of capital. It helps move capital to where we want capital to go.”

-George W. Bush

“That’s why I’ve challenged the industry leaders all across the country to get after it for this goal, to stay focused, to make sure that we achieve a more secure America by achieving the goal of 5 1/2 million new minority homeowners. I call it America’s homeownership challenge.”

-George W. Bush

And let me talk about some of the progress which we have made to date, as an example for others to follow. First of all, Government-sponsored corporations that help create our mortgage system—I introduced two of the leaders here today; they call those people Fannie Mae and Freddie Mac—as well as the Federal Home Loan Banks will increase their commitment to minority markets by more than $440 billion. I want to thank Leland and Franklin for that commitment.

-George W. Bush

“Freddie Mac will launch 25 initiatives to eliminate homeownership barriers. Under one of these, consumers with poor credit will be able to get a mortgage with an interest rate that automatically goes down after a period of consistent payments.”

-George W. Bush

http://www.presidency.ucsb.edu/ws/index.php?pid=62687#axzz1X0WZPLzQ

[stickywillie]

I sent this video to my Senator, Pat Roberts, during the summer of ‘08, when the economic mess was being blamed on Bush and the Republicans, and heard crickets. In a sense, the Republicans were at fault for not exposing it...they had/have it right on film. wtf

[truth_seeker]

Yeah, and GOP Senators McCain, Dole, Hagel and Sununu sponsored a bill, to fix matters.

S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005.

At the time the GOP had 51 seats in the Senate.

So Pres. Bush warns, moderate GOP Sen. members put forth a measure; where were the true conservatives I ask?

[Republican Wildcat]

http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=player_popout

And don't forget that one - House Committee hearing on the same issue. Democrats lambasting Republicans for suggesting there was anything wrong - one Dem called it a “lynching” and engaging in character assassination against a witness who was raising alarm bells.

[1066AD]

September 11, 2003 New Agency Proposed to Oversee Freddie Mac and Fannie Mae

The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

[org.whodat]

Time line, on what date was his HUD speech promoting the same crap. http://archives.hud.gov/remarks/martinez/speeches/presremarks.cfm

[MontaniSemperLiberi]

Did the video show the part where the Republicans held the House, Senate and Presidency from 2003 to 2007 and didn’t care to do anything about it?

What influence did Barney Frank have before 2007?

Shouldn’t conservatives at least value action and accountability over words?

[maine-iac7]

http://www.wnd.com/index.php?fa=PAGE.view&pageId=110131

where it all began -

ACORN/Obama sued the banks and forced them to make the risky loans - and now they're suing the banks because they DID.

It's how Communists work - lie, lie, lie - knowing most people wont’ know the difference...

How tragically true that is

[LomanBill]

Who's the GodFather in the balloon and how did he get his Ambassadorship?

[Lancey Howard]

BUMP for great freeping.