T Nation

Burning Down the House (Rove/Bush Style)

Documentary of various Bush statements promoting minority lending:

Viva la diversity recession!

I thought about posting that, though I can’t recall where I saw it now. Hopefully “compassionate” conservatism is abandoned for fiscal conservatism.

I don’t see what’s “compassionate” about holding “minorities” to lower standards than everyone else. Bush apparently did. Look at his legacy now.

Whoa, more on the government forcing banks to lower lending standards:

Some banks actually resisted!

Bush is not a true conservative. He thinks of himself as “bipartisan” like McCain. They both should grow a pair.

[quote]PRCalDude wrote:
Whoa, more on the government forcing banks to lower lending standards:

Some banks actually resisted![/quote]

I heard somewhere that Janet Reno threatened to prosecute lenders that didn’t cave in.

[quote]theOUTLAW wrote:
PRCalDude wrote:
Whoa, more on the government forcing banks to lower lending standards:

Some banks actually resisted!

I heard somewhere that Janet Reno threatened to prosecute lenders that didn’t cave in.[/quote]

That may well be true. I mean, the Clinton White House had to keep the ACORN agitators happy who helped elect it. However, we didn’t have anywhere near this problem under KKKLinton. I remember Bush’s speeches in 2002 and how the useful idiots over at Townhall.com were praising it. Shortly thereafter, housing prices went stratospheric.

A 29 page report by Stan J. Liebowitz.

Why did the mortgage market melt down so
badly? Why were there so many defaults when the
economy was not particularly weak?

Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? This report concludes that, in an attempt to
increase home ownership, particularly by minorities and the less affl uent,

Virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s.
http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf

[quote]Sloth wrote:
A 29 page report by Stan J. Liebowitz.

Why did the mortgage market melt down so
badly? Why were there so many defaults when the
economy was not particularly weak?

Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? This report concludes that, in an attempt to
increase home ownership, particularly by minorities and the less affl uent,

Virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s.
http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf[/quote]

I know you like to “change” your avatar, but come on. The guy with the face piercings was better than this one.

[quote]dhickey wrote:
Sloth wrote:
A 29 page report by Stan J. Liebowitz.

Why did the mortgage market melt down so
badly? Why were there so many defaults when the
economy was not particularly weak?

Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? This report concludes that, in an attempt to
increase home ownership, particularly by minorities and the less affl uent,

Virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s.
http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf

I know you like to “change” your avatar, but come on. The guy with the face piercings was better than this one.[/quote]

But this is the Obama for President of space poster…No good?

[quote]Sloth wrote:
dhickey wrote:
Sloth wrote:
A 29 page report by Stan J. Liebowitz.

Why did the mortgage market melt down so
badly? Why were there so many defaults when the
economy was not particularly weak?

Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? This report concludes that, in an attempt to
increase home ownership, particularly by minorities and the less affl uent,

Virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s.
http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf

I know you like to “change” your avatar, but come on. The guy with the face piercings was better than this one.

But this is the Obama for President of space poster…No, good?[/quote]

We should have strapped him onto New Horizons so he can run for President of Pluto in 2015.

It’s true, Bush has been acting just like a democrat for years now. Which is why I won’t be voting for him this year…

[quote]Sloth wrote:
dhickey wrote:
Sloth wrote:
A 29 page report by Stan J. Liebowitz.

Why did the mortgage market melt down so
badly? Why were there so many defaults when the
economy was not particularly weak?

Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? This report concludes that, in an attempt to
increase home ownership, particularly by minorities and the less affl uent,

Virtually every branch of the government undertook an attack on underwriting
standards starting in the early 1990s.
http://www.independent.org/pdf/policy_reports/2008-10-03-trainwreck.pdf

I know you like to “change” your avatar, but come on. The guy with the face piercings was better than this one.

But this is the Obama for President of space poster…No good?[/quote]

Just seeing his face puts me in a bad mood. At least put an osama beard on him or something.