[Pelham]

“On several occasions Bush called for the tightening of regulations for home buyers and he warned of the consequences.”

I believe you are confusing the Bush administration’s concerns about over-leveraging at Fannie Mae with a concern about loans to unqualified buyers.

The Bush administration was rightly concerned that Fannie and Freddie’s ratio of loans to equity had grown to unstable proportions.

But Dubya was a cheerleader and enabler of granting home loans to “underserved” minorities, aka the subprime market. His “American Dream Downpayment Initiative” speech to HUD is a classic of bubble era folly.

[SharpRightTurn]

“Dubya was a cheerleader and enabler of granting home loans to “underserved” minorities, aka the subprime market. His “American Dream Downpayment Initiative” speech to HUD is a classic of bubble era folly”.

Correctamundo.