People who don’t blame Bush for the crash don’t know about his cheap mortgage program - American Dream program, I think it was called - that susidized home buying for Latinos with bad credit. Part of Roves vote buying scheme. Helped inflate housing prices and ensure a crash when these recipients couldn’t make their mortgage payments. Thanks Bush
I was only vaguely aware of that; but that is only one of several contributing causes that led to the fin crisis. To me, coming at it from the financial end, the biggest single and most global cause was the elimination of Fan and Freddie underwriting standards....which GWB raised the alarm about well over a dozen times; though only in a general way. I think 17 times. But in the end, his politeness would not let him act authoritatively against the Franklin Raines, Barney Franks, and Maxine Waters of the world.