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To: A CA Guy
He focused on the WOT and let the banks and mortgages go splat. He did know about that issue

Not True.

President Bush actually did try to do something about the banking and home loan industry many times but was constantly rebuffed by congress.

Don't forget - the mortgage and housing collapse was caused by congress deciding that it was discriminatory for banks to refuse mortgage loans to minorities who couldn't qualify for a standard loan and did not have the income and resources to make the loan payments.

If you care to read the facts about President Bush's efforts to address the impending crash in the mortgage industry you can start here:

http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

25 posted on 10/17/2015 12:04:12 PM PDT by Iron Munro (The wise have stores of choice food and oil but a foolish man devours all he has. Proverbs 21:20)
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To: Iron Munro

He in the beginning did talk about the Barney Frank problem, 9-11, then no more.


71 posted on 10/17/2015 12:36:58 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Iron Munro
President Bush actually did try to do something about the banking and home loan industry many times but was constantly rebuffed by congress.

And, as usual, Bush's unforgivable lack of communication to the American people helped Congress keep that kind of crap in the shadows until it was too late and it crashed all around us.

The whole shrugged shoulders and "Hey, we tried" bit just doesn't cut it.

148 posted on 10/17/2015 6:07:09 PM PDT by Future Snake Eater (CrossFit.com)
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