Lets examine the bush policies that encouraged, funded and protected the mortgage bubble that devastated the economy and almost destroyed the financial system. First a little background. when did the Bush Mortgage Bubble start? Lets ask Bush's Working Group on Financial Markets. http://www.treasury.gov/resource-center/fin-mkts/Documents/q4progress%20update.pdfthe President’s Working Group on Financial Markets October 2008The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.
Well you sound like you know what you are talking about. Especially the "Lets get this party started". That was very impressive. However we have a slight problem. And there are a few possibilities. 1) You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say. 2) You are just a liberal hack. And 3) You are a goat and we all know goats are notoriously ignorant when it comes to politics.You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades. Perhaps you should go back to where Freddie and Fannie were created or more specifically mortgage backed securities and the idea that home ownership is a right.
and kramrat, the GSEs increased homeowner ship rates in this country for 70 years safely and profitably until Bush enacted his toxic housing policies.
"You are clueless aside from what you have read on the left wing sites that give yo their opinion of what government sites say"er uh boo man, I've posted solid factual links to back up every point I've made. For you to imply that I get my 'opinions' handed to my by left wing websites is as laughable as it is hypocritical. The republican party couldnt exist without you having your opinion handed to you by liars and imbeciles. "You decided to start with the Bush administration in this tangled pastiche. And that is rather telling since the policies that led to the bubble go back decades."er uh boo man, how did you miss the fact that Bush told you it started in late 2004? How did you miss the Fed telling you it started in 2004? Hey boo man, here's another liberal bs site for you.what a coincidence, its from 2004. mmmmm when did the Bush Mortgage Bubble start again?http://www.foxnews.com/story/0,2933,115279,00.htmlBush Ties Policy to Record Home Ownership "We want more people owning their own home in America," Bush said. His goal is to have 5.5 million minority homeowners in the country by the end of the decade."and kramrat, the GSEs increased homeowner ship rates in this country for 70 years safely and profitably until Bush enacted his toxic housing policies.
Learn to use the quote function...
He didn't want to answer my question. Shocker.