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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (56551)	2/16/2018 1:42:08 PM
From: bentway	Read Replies (1) \| Respond to of 361074

>>Key phrase: "To help a low income, QUALIFIED BUYER ..."<< With no down payment, as Bush had eliminated that requirement. As banks got into it, you could buy a house with no down payment, no documentation, and no JOB! I personally know a guy in S. Cal. that bought a house like that, with no job and terrible credit. I was astounded anyone would loan him money. Bush told the banks to lend, the banks needed mortgages for MBS's, no regulation = financial crash. The whole thing is on Bush. It all worked with regulation under Clinton, which is why the crash didn't happen under Clinton. Bush removed all the regulation. Cuz, market regulate THEMSELVES..