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BUSH, 2002: "I'm proud to report that Fannie Mae has heard the call....$440 billion.....

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grantdevine Donating Member (238 posts) Send PM | Profile | Ignore Wed Oct-01-08 04:45 PM
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BUSH, 2002: "I'm proud to report that Fannie Mae has heard the call....$440 billion.....
And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.


http://www.hud.gov/news/speeches/presremarks.cfm

This was also his "when we talk about war, we're really talking about peace." speech.

He was non-stop F-up.

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tblue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 04:49 PM
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1. Here's some audio from the Preznit in 2002.
Check this out, straight from the Bush's mouth:

http://nl.youtube.com/watch?v=eW9viaJatpo
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Fresh_Start Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 05:00 PM
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2. there wasn't one thing that caused the disaster
there were dozens of different things that together created a toxic brew

its like drug interactions, until you have someone taking the 5 different drugs together you won't know about the dangerous side effects.
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