You mean bad home loans?
Bush home Ownership links for minorities with bad credit:
Bush pushes minority homeownership (FR post | June 15, 2002 | By KATHY A. GAMBRELL)
Bush seeks to increase minority homeownership (FR post USA Today ^ | 1-20-04 | Thomas Fogarty )
President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)
Compassional conservative was proved to be a huge failure under Bush as all those minorities voted Democrat by 2008 after they lost all those homes promoted above.
”More and more people own their homes in America today. Yet we have a problem here in America because fewer than half the Hispanics and African Americans own their own homes. That’s a home ownership gap; a gap that we got to work together to close. And by the end of this decade we’ll increase the number of minority homeowners (future Obama voters ) by 5.5 million families.
One of the major obstacles to minority home-ownership is financing. Fannie Mae and Freddy Mac (who I will bail out in 2008) have committed to provide more money for lenders, they committed to meet the shortage of capital available for minority home-buyers. Freddie Mac just began 25 initiatives around the country to dismantle barriers (like income requirements) and create better opportunities for home-ownership. One of the programs is designed to help families with bad credit histories to qualify for home ownership loans (by faking their income) . You don’t have to have a lousy home for first time home-buyers. You put your mind to it the first time low income home buyer can have just as nice a house as anyone else (till those adjustable rates go up). “
President Bush Mortgage Speech 2002(Helping those w bad credit buy houses)
In my opinion these are the key pieces of legislation: both brought in under the Clinton administration.
The CRA forced banks to make loans effectively on the basis of skin color, rather than the ability to repay.
The GLB act tied a bank's ability to grow to their performance in CRA exams, and also allowed them to merge savings and investment functions - and so become 'too big to fail'.
I can't find that Bush did anything to try and rein in the trainwreck set in motion by the CRA and GLB acts - in fact he tried to capitalize on it - but we can't say he was the source.