[Post Toasties]

You have to give George W. Bush credit for trying to head off the subprime mortgage meltdown in a timely manner. I’m not aware of any other options he had available than what he used once the situation started deteriorating.

[trumandogz]

Do you also give him credit for this?

“I introduced two of the leaders here today — they call those people Fannie May and Freddie Mac, as well as the federal home loan banks, will increase their commitment to minority markets by more than $440 billion.”

[NoLibZone]

"You have to give George W. Bush credit for trying to head off the subprime mortgage meltdown in a timely manner."

I wonder if it was due to solely to sub prime lending or sub prime lending to affrimative action types with little or no down payment.

[Notary Sojac]

I’m not aware of any other options he had available than what he used once the situation started deteriorating.

Nonsense. All he had to do was to make it clear that any firm buying mortgage backed securities was doing so one hundred percent at its own risk. If this had been done as late as early 2006 (by which time the problem was obvious) the current mess need not have happened.