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To: 9YearLurker
It wasn't Bush's fault. Bush didn't force any banks to make any loans they didn't want to make. If a president could force banks to make loans, don't you think Obama would be forcing banks to make loans right now?

Bush was president when he world's economies deleveraged. He didn't cause it. He was just in the wrong place at the wrong time.

20 posted on 12/08/2012 11:47:23 AM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: Tau Food

You just have no idea what you’re talking about if you don’t think the feds were coercing banks to make bad loans. W’s big pushes included increasing zero-down mortgages and increasing minority home ownership. So he added on to then in-place bad policies and did nothing to unwind them:

http://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html?pagewanted=all&_r=0

http://georgewbush-whitehouse.archives.gov/infocus/achievement/chap7.html

http://isteve.blogspot.com/2008/09/2002-bushs-speech-to-white-house.html


26 posted on 12/08/2012 12:08:30 PM PST by 9YearLurker
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