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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Alighieri who wrote (434558)11/12/2008 1:11:49 PM
From: i-node  Read Replies (1) | Respond to of 1574302
 
You know what's stupid? Claiming that frank was the only one calling for expanded home ownership and putting that as the cornerstone of the far more complex problem we are facing today.


He wasn't. But he was the guy who was the driving force behind it. And at least SOME Republicans (e.g., McCain) recognized the problem and tried to do something about it.

Bush may have, as politicians are prone to doing, tried to claim "credit" for what had happened -- but he did not MAKE it happen. Frank and Dodd and others on the left did.



To: Alighieri who wrote (434558)11/12/2008 2:12:26 PM
From: bentway  Read Replies (1) | Respond to of 1574302
 
"In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries"

Every regulator, all of them working DIRECTLY for the executive branch, got that memo. What did it say? Let the banks make any kind of loans they want.