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To: WilliamIII
Bush helped inflate the bubble with his “American Dream” program that paid down payments for low income minorities who couldn’t qualify.

I see that you really studied the causes of the meltdown. Not. I don't know if the film goes into this, but there have been many stories about these causes and Bush wasn't it.

20 posted on 12/15/2015 6:12:57 AM PST by Wingy
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To: Wingy

You need to get educated about Bush’s role in fueling the housing bubble by promoting homebuying for people who couldn’t afford it.

From the White House website:
http://georgewbush-whitehouse.archives.gov/news/releases/2003/12/20031216-9.html

President Bush Signs American Dream Downpayment Act of 2003
Remarks by the President at Signing of the American Dream Downpayment Act:

“Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. These funds will help American families achieve their goals, and at the same time, strengthen our communities.”


21 posted on 12/15/2015 9:20:30 AM PST by WilliamIII
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To: Wingy

The demoncraps in the house and senate were the ones who were really pushing this. Both barney frank and maxine waters should be in prison for the role they played in the housing mess.


24 posted on 12/17/2015 7:25:07 PM PST by 2CAVTrooper (Obamacare...... Because grandma is shovel ready.)
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