A Compassion-Driven Collapse
Middle Class Sacrificed to Make George Feel Good
New York Times -- December 21
This Man is an Idiot
Bush Philosophy Stoked Mortgage Bonfire
[...] He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards.
Mr. Bush did foresee the danger posed by Fannie Mae and Freddie Mac, the government-sponsored mortgage finance giants. The president spent years pushing a recalcitrant Congress to toughen regulation of the companies, but was unwilling to compromise when his former Treasury secretary wanted to cut a deal. And the regulator Mr. Bush chose to oversee them an old prep school buddy pronounced the companies sound even as they headed toward insolvency. Brief Bush History White House - 9/5/01 -- One week before 9/11 said migration to U.S. should be "safe and orderly" Treason Exposed American Patrol Report 2/16/01 Fought for Mexican Truckers Dragged His Feet on Border Fence Held America Hostage to Get Amnesty Cabinet Member Called for Open Borders Paved the Way for the Obama Disaster