Bush promoted home ownership despite poor credit

iVillage Member
Registered: 07-11-2006
Bush promoted home ownership despite poor credit
67
Mon, 11-28-2011 - 8:08pm

From that well-known biased source: The business section of the Wall Street Journal

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iVillage Member
Registered: 09-30-2011
Mon, 11-28-2011 - 10:49pm
Bush Administration Tried to Reform Freddie and Fannie Five Years Ago Karl Rove told Bill O'Reilly Wednesday that the administration did try to do something about Fannie Mae and Freddie Mac five years ago, but Democrats would have none of it.
February 19, 2009
(CNSNews.com) – Why didn’t the Bush administration sound the alarm on the unstable housing market that began to unravel on his watch?
iVillage Member
Registered: 07-11-2006
Tue, 11-29-2011 - 9:37am

The last link is the tired rhetoric that Michael Steele has more or less discredited.

The other link also invokes the NYT article that was used to create the bogus story. However, it does make some more specific claims that I am curious about.

It says that Chris Dodd filibustered a regulation reform bill in 2004. I did a quick Google search and can't find which bill Rove is talking about. Either Rove has the dates wrong or he is making the filibuster story up.

During the time that Rove claims Freddie Mac "accelerated imprudent behavior", 20005-2007, Newt Gingrich was "advicing" Freddie for a hefty monthly fee.

The article you posted says that Fox News, O’Reilly on Thursday said that President Bush could have done a better job of getting the word out to the public: “I think that if the president had made it a central issue, had sounded the alarm,

iVillage Member
Registered: 05-03-2011
Tue, 11-29-2011 - 9:46am
CNS News? They are not a credible source. They print untruthful things and then don't correct them, even after the source they used publicly said that CNS was not being truthful.
Avatar for cmdonnab
iVillage Member
Registered: 04-27-2000
Tue, 11-29-2011 - 9:53am

 



iVillage Member
Registered: 09-30-2011
Tue, 11-29-2011 - 12:18pm

The last link is the tired rhetoric that Michael Steele has more or less discredited.

Michael Steele is 1) not an authority on the subject and 2) has definitely not discredited it.

The other link also invokes the NYT article that was used to create the bogus story. However, it does make some more specific claims that I am curious about.

The only bogus story is the one that Dems are spinning to try and deflect blame for their instigation of the housing crisis.

It says that Chris Dodd filibustered a regulation reform bill in 2004. I did a quick Google search and can't find which bill Rove is talking about. Either Rove has the dates wrong or he is making the filibuster story up.

Or that you just couldn't find it.

iVillage Member
Registered: 07-11-2006
Tue, 11-29-2011 - 3:38pm

LOL. I don't even know who Lawrence O'Donnell is! I do know what Rachel Maddow looks like and I think I could identify her voice.

iVillage Member
Registered: 07-11-2006
Tue, 11-29-2011 - 3:44pm

Michael Steele is 1) not an authority on the subject and 2) has definitely not discredited it.

Michael Steele was the Republican National Committee chairman until recently! I think he is a fairly strong authority when it comes to speaking for Republicans.

The rhetoric that Barney Frank had power over the House 2004ish has become a major Republican chant. It is often used to buttress the "Bush tried to regulate but...." rhetoric. The fact that Steele is now saying, oops, we are wrong and Barney is right, IS a very big deal.

Basically, all the story's (such as the two you just posted) will have to be re-written unless someone finds or invents some other "proof" that Bush tried to regulate.

iVillage Member
Registered: 07-11-2006
Tue, 11-29-2011 - 4:04pm

The only bogus story is the one that Dems are spinning to try and deflect blame for their instigation of the housing crisis.

Obviously, I disagree. The Democrats do not have to "deflect blame" from their alleged role in preventing Bush and the Republicans from legislating strong regulations, because as Steele now admits, that had no power to do it. The Republicans controlled the House.

If you disagree, if you believe that Steele was right before and is now mistaken, find any non-partisan link that documents who was the Speaker of the House in 2004 or so? What was Barney Frank role, at that time?

iVillage Member
Registered: 11-20-2011
Tue, 11-29-2011 - 4:07pm

nisupulla wrote:

If the Bush administration and the Republicans knew in late 2004 how serious the financial situation was becoming, then

iVillage Member
Registered: 07-11-2006
Tue, 11-29-2011 - 4:09pm

In the U.S., George Bush Administration, his top economic advisors, the Treasury Secretary, the Chairman of the Federal Reserve, and the world's top investment banks did not foresee the financial collapse on Wall Street until it was too late.

http://www.economicpredictions.org/who-predicted-the-financial-crisis.htm

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