Who was in the best position to avoid the housing bubble, and mortgage industry crash?
Note, that Bush went to unprecedented lengths to stop a coalition of ALL 50 STATE ATTORNEY GENERALS in 2003…..because they wanted to investigate predatory lending practices.
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html
Also, note the 2004 election….where the reality of Bush’s policy, butts up against the revisionist history of what the Republican talking points are now……here’s an article that details what Republicans said THEN:
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On issues of housing and mortgages, there are clear differences between George W. Bush and John Kerry. Bush pushes homeownership, especially among minorities. Kerry emphasizes providing decent and affordable rental housing.
In terms of campaign contributions, Bush is overwhelmingly the favorite candidate of real estate agents, mortgage bankers and brokers, and home builders.
The centerpiece of Bush’s housing policy is an effort to increase homeownership among minorities. In June 2002 he announced a plot to increase minority homeownership by 5.5 million families by 2010. Since then, the number of minority homeowners has increased by 1.6 million, according to Alphonso Jackson, housing secretary.
</QUOTE>
http://www.bankrate.com/brm/news/mortgages/20040923a1.asp
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Tags: 5 million, 6 million, alphonso jackson, amp, campaign contributions, centerpiece, george w bush, home builders, john kerry, kerry bush, lt, minorities, mortgage bankers, mortgages, predatory lending practices, real estate agents, republicans, revisionist history, state attorney generals, talking points
That would be the ones who passed the legislation that allowed it to occur in the first place.
And that legislation was enacted in the nineties.
People who didn’t buy houses?
Nice try with the revisionist history lesson as given by a liberal. Frank, Dodd, and Clinton are all pure, sweet, and innocent, right?
I read the Washington Post article and also some of the comments posted with it. Wow, what an eye-opener! First, we see Bush with his hand in the cookie jar, then he is trying to hide the cookies. Fantastic question!