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Bring Your Lies & Half-Truths … I Will Destroy Them

Yes, Bush Did Warn Everyone About Subprime Lending, & Tried To Fix It.

Posted by Casey on September 21, 2008

The Democrats fought him 17 times on subprime reform.

clipped from www.whitehouse.gov

For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

  blog it


It goes on to give you a time line broken down by year of Bush’s attempts to reform subprime lending. It’s still no excuse for his decision to support a $700 billion bailout … including foreign banks.

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2 Responses to “Yes, Bush Did Warn Everyone About Subprime Lending, & Tried To Fix It.”

  1. […] Yes, Bush Did Warn Everyone About Subprime Lending, & Tried To Fix It. […]

  2. Jonah G said

    HAHAHA… IN 2008! Congress had already passed bipartisan regulatory bills years before this. Are you really this naive? Actually, Bush routinely put pressure on Congress to not pass any regulation bills at all. He got a lot of flack from Republicans and Democrats alike for this.

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