Bush behind relaxing lender requirements that would have reduced the current mortgage problems?
He had the opportunity to promote stricter policies for lender, but didn't. Is this because:
When it comes to contributions from employees of housing-related corporations, Bush is the hands-down winner. According to information compiled by the Center for Responsive Politics, Bush has raised $10.9 million from employees and political action committees of the real estate, home building, and mortgage industries.
When people say Bush is not responsible for the current economic problems....are they not paying attention?
- Anonymous1 decade agoFavorite Answer
The only lender requirements he relaxed were for FHA loans, so he just added to the mess once it was underway.
- phegleyLv 43 years ago
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- thegubmintLv 71 decade ago
Which requirements are you talking about? Most of the relaxation I know of was done during Clinton's administration, not Bush's. In fact, pretty much the whole tone of Clinton's administration was lassez faire when it came to regulation of commerce. The economy was steaming, everyone's 401ks were puffing up nicely, so why bother, right?
- LurchLv 71 decade ago
Give me the name of one American citizen that signed a mortgage they couldn't afford because Bush forced them too. Then your argument might have some relevance.
I guess it's Bush's fault my Jeep wouldn't start last week...give it a rest.
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- 1 decade ago
any thing bush is for im against
- senior citizenLv 51 decade ago
You have failed to present your "question" correctly (it is BACKWARDS) and doesn't contain a time line, so it is meaningless.