George Bush: we want everybody in America to own their own home. That's what we want.

George Bush: we want everybody in America to own their own home. That's what we want.

Thanks George!


source: http://www.whitehouse.gov/news/releas...
Video source: rtlz.nl

• Category

  News & Politics

[lisabob22]

Actually Reagan policies are directly responsible for all of our financial problems today. Clinton didn't help, but until the parasites in the top 5% stop getting a unhealthy share of the wealth labor creates, then we will continue to have problems. It's Republican's socialistic transfer of wealth from most of us to the top thats is causing all of our problems now. The last time the gap was so high we had a great depression, which was caused by the same Republican policies.

[Bub26]

free houses for everybody! and not just crappy homes, but mansions for everybody!

put your mind to it and you can fly. i bet when bush was a child he put on a superman costume, jumped off the roof and landed on his head. you know this happened and explains a lot.

[mengelmoesNL]

Guess who regulates the money supply, all of the time... People who are still in dem vs. pubs mode ano 2013 are truly the most stupid people around.

[mengelmoesNL]

Actually it started in 1913. And political parties have fuck all to do with it.

[Marc Munoz]

Reagan repealed the depression regulations allowing banks to offer the insurance, the financing and the guarantee of the loan under one roof basically. Bush pushed race into this mandating that low income households be offered home ownership. Took something that was working and fix it so it failed. Pay attention to what happened. The further deregulation by Bush with a total disregard for what could go wrong perverted the law to allow junk debt trading and of course finally banks failed.

[Bill George]

@arcanum55.On YouTube please search for 'Bill Clinton: Laying the Foundation for The House of Cards". In the video Bill Clinton takes credit for an 85% increase in loans granted under the Community Reinvestment Act during his first term in office. Key words search: 'Henry Cisneros', 'Andrew Cuomo', 'Janet Reno Threatens Banks', 'SEC Sues Senior Executives Fannie Mae', Clinton Affordable Housing Initiative, 'McCain, Bush Warn Dems Financial Crisis' .

[ymp5000]

Wall street plays by the rules that congress hands down to them If there is one person who bares the most responsibility for, who’s hands are dirtiest, for crashing the US economy it is Barney Frank. In 2005 the Republicans including Bush warned of economic troubles coming down the road if Fannie and Freddie were not put on a tighter leash and Barney led the charge to defend his boyfriends job at Fannie and stop any action against the two mortgage giants.

[ymp5000]

1999 Clinton signed the repeal of Glass-Steagall (Google it) passed by a democrat controlled congress. This is how the $4.5 trillion “sub prime” loan industry was born. A by-product of which was the derivative market that turned the mortgage market into a time bomb that would magnify the housing bust by orders of magnitude. All of this lead to the credit markets drying up and the ensuing stagnation and recession of our economy and quickly spread to global markets.