Maybe this why the FBI wasn’t investigating mortgage fraud when it was obvious to everyone that it should have been.
Here’s an excerpt from the above link:
Expanding Homeownership. The President believes that homeownership is the cornerstone of America’s vibrant communities and benefits individual families by building stability and long-term financial security. In June 2002, President Bush issued America’s Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities.
Amazing. The president was right there encouraging this bubble from the very beginning. And how wrong was the bolded portion? Instead of stability and long-term financial security we have neighborhoods that have been ruined by massive foreclosures and personal finances (as well as personal responsibility for finances) torn asunder. What a disaster this president has been.
hey, ownership isn’t just the american dream, it’s a real freaking aspect of prosperity. americans being able to own property is what differentiates us from communists or fascists; people have rights to own property and to protect their property.
bush’s problem with homeownership, along with everything else he does is with the means of achieving the goal; his goals aren’t necessarily bad, his method is. which is truly what makes him a moron, not knowing right from wrong, good from bad, not being able to see past his nose.
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