A) "THE VOLUME OF SUBPRIME LOANS TRIPLED FROM 2002 TO 2006."[(1)page 13]
(WHO WAS RUNNING LOCKSTEP WITH BUSH THOSE YEARS?)
B) AMERICAN DREAM DOWN PAYMENT ACT of 2003 BUSH AND LOCK-STEPPED REPUBLICANS RAMMED THROUGH.(2)
C) Bush at signing..
"This legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families."
"I set a goal to add 5.5 million new minority homeowners in America by the end of the decade."
"It is in our national interest that more people own their own home."(3)
D) Bush's Greenspan telling bank regulators:
"Make more money easier to borrow" (paraphrased)
(4)
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1)
http://www.ofheo.gov/media/pdf/OFHEOPARNovember2007508.pdf
(OFHEO), REGULATING THE GSEs was an INDEPENDENT OFFICE within HUD, charged with ensuring the capital adequacy and FINANCIAL SAFETY AND SOUNDNESS of Fannie Mae and the Freddie Mac.
2)
http://www.hud.gov/news/release.cfm?content=pr03-140.cfm
3)
http://www.americandreamdownpaymentassistance.com/whsp12162 003.cfm4)
http://www.federalreserve.gov/boarddocs/speeches/2001/20010 518/default.htm