The Housing Crash had its roots under Clinton and his HUD buddy, Andrew Cuomo.
Bush and Rove also had a program to fund down payments for low income folks who couldn’t qualify for mortgage loans. It was part of Roves Hispanic outreach. So Bush can’t escape partial blame for the Bush crash
“Bush and Rove also had a program to fund down payments for low income folks who couldn’t qualify for mortgage loans. It was part of Roves Hispanic outreach.”
This was the American Dream Downpayment Initiative, which Bush promoted in 2002 and signed into law in 2003.
https://web.archive.org/web/20091215054315/http://www.hud.gov/news/speeches/presremarks.cfm