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  • May 2002 Bush –‘promoted home ownership’- "even for people: “with bad credit’" AND … "Just as nice a home as anybody else …."

    -

    Lenders promoted them as "buy a house for what you are paying for rent "

    - He convinced congress to fund down payments and closing costs at the taxpayer's expense ! American Dream Down payment Assistance Act 2003-2008

  • ...

    Bush “Ownership Society Program”...

    Youtube com/watch?v=kNqQx7sjoS8

  • Acorn targeted because they exposed –‘fraudulent predatory lender in 2002 …’- of [Household International and its subsidiaries, Household Finance Corporation and Beneficial Corporation – now HSBC Group] ... one of the largest subprime lenders in the country, and ACORN announced on November 25, 2003 a proposed settlement of a 2002 national class-action lawsuit brought by ACORN. The settlement ... $72 million ....

    cont

  • Household International ... The settlement came on the heels of an earlier $484 million settlement between Household, Attorneys General, and bank regulators -'from all 50 US states'-. Washington State Office of the Attorney General. 2003-12-05.

    consumeraffairs com/news02/household_settle.ht­ml

    cont

  • As G.W. Bush convinced his rubber-stamp Congress to use taxpayer money to –‘give’- down-payment and closing costs to buyers. “American Dream Down payment Assistance Act" – [-700 B$] [2003-2008]

    Bush, even continued encouraging loans “.. if you have bad credit”

    … “Everybody should be able to buy a good house …” –

    Youtube  /watch?v=kNqQx7sjoS8

    Cont

  • Pandering for minority votes for 2004, further distraction from 9/11 negligence; not getting bin Laden … funneling money to Wall St [donors] – Banksters.

    PROMOTED AS … "buy a house for what you are spending on rent !"

  • McCain knew about a banking crisis because people like him were buying 7 houses and he was getting it for nothing.

  • Keating Five...

    Ring a bell with anyone on the Doubletalk express?

    Didnt McCain push for the very same deregualtion that caused the first S&L crisis?

    What is the difference this time?

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