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The Meltdown Bush Gave Us
At a private meeting after the failure of Lehman Brothers, President Bush reportedly asked his advisors, "How did we get here?" Funny because, according to The New York Times, he helped chart the course. Early in his presidency, Bush promised to "use the mighty muscle of the federal government" to help make housing available to low-income families, offering tax incentives and forcing Fannie Mae and Freddie Mac to set ambitious lending goals. His reward? Mortgage bankers and brokers tripled their contributions to his campaign from 2000 to 2004 and the founder of the nation's largest subprime lender became one of the Republican Party's top 10 donors in 2004. Bush coupled this with a weakening of the SEC: His first chairman promised a "kindler, gentler" agency; his second was forced out for being too aggressive; and the third chairman has presided over the present catastrophe.
Sacrifice
You are hilarious.
Fannie & Freddie have always been institutions supported and driven by the Democrats.
You either ignorant of your subject or intentionally attempting to decieve people.
Banjo1
His generation's Herbert Hoover. Seems fair.
calhar
So Bushie wonders how we got here.This is what hppens when you get rich by having friends and scheming.When you think money grows on trees and don't make it the old fashion way by earning it,what do you expect.
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Clankazoid
The Times never quits, does it ?
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