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Cutey with a booty

President Bush said under him, house ownership was at all time high in 8/2004. Thoughts?

From the White House press release:http://www.whitehouse.gov/news/releases/2004/08/20040809-9.htmlPoints:* President issued America's Homeownership Challenge to the real estate and mortgage industries to encourage them to join the effort to close the gap between minorities and non-minorities home owners (can u say subprime mortgage?)* Goal of increasing number of minority homeowners by at least 5.5M families before end of decade. (Subprime mortgage)* Under his leadership, overall homeownership rate wa at all time high of 69%. Minority homeownership set a record of 51% in 2nd qtr.And now, people are saying that it was policies from a decade ago that caused this crisis?
.......:

It was inflated balloon from the past, ready to burst. And it did. Lack of oversight from Congress and both parties is to blame. And now they are spreading more billions around? Be afraid.

Cutey with a booty:

Show me a bubble that lasted more than 10 years please.

.......:

A bubble has to form and the sub-prime roots are under Clinton. So are most of the players that helped create it. Clinton's CRA in 1995 opened the spillgates. Rahm Emanuel, one of the players is now Obama's inside man and he made millions off this mess.

Cutey with a booty:

Show me the proof. Clinton's bubble was in Internet stock market, not in real estate. Real Estates only started picking up after stock bubble bursted.

.......:

Why don't you do some research. It's all there. And why use a quote from 2004? That's ancient history according to you.

Cutey with a booty:

Ancient history? That's the height of the bubble!!!

.......:

Only in hindsight can any bubble be reviewed. Thus harvesting a quote from that time is absurd. And thanks for reminding me of the dot.com bubble under Clinton. Another lovely result of his actions.

Guitarplayer:

So are foreclosures. Next comment

Weyana:

Maybe he thinks writing history will absolve him

Sunni:

That is exactly it. frannie and freddie gave out loans to 5 M families and now they are all packing for home! Because they were left without watchdogs that even our president elect voted in.

Sunni:

And Yip it was an all time high while he was in.

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