Originally Posted by
Havakasha
Regarding Wikipedia. Since you said you were having trouble finding something on Bush i thought i would just quote from 2002.
"President G.W. Bush sets goal of increasing minority home owners by at least 5.5 million through billions of dollars in tax credits, subsidies and a Fannie Mae Ccommitment of $440 billion to establish neighborworks America
with FAITH BASED ORGANIZATIONS (remember Bush's push on faith based programs?)
2003-2007: The Federal Reserve under Alan Greenspan (Republican) failed to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned loan standards (employment history, income, down payments, credit rating, assets, property loan to value ratio and debt servicing ability).
Just a reminder that Bush and Republicans controlled the Congress and the Presidency during most of this time period.