Root of 2008 crash was Bush housing policy. At 10/15/02 W.H. Conference on Increasing Minority Homeownership, Bush demanded 5.5 million more minority homeowners, told his fed regulators old credit standards like down payments & documentation are racist: http://takimag.com/article/the-wisdom-of-dan-quayle/#.W5r3PkZORLM.twitter …https://twitter.com/mtaibbi/status/1040351655504617472 …
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Replying to @Steve_Sailer
W was a continuation of very early Clinton policy threatening mortgage lenders for "discriminatory lending" against minorities lacking the net worth of white Americans with similar incomes.
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Replying to @bemoanthis
But a subtle distinction in housing policy was that Clinton punished banks pessimistic about lending to minorities, while GW Bush encouraged lenders optimistic about lending to minorities, especially Hispanics. So Clinton got GOP pushback, but nobody complained about Bush Push.
5:55 PM - 13 Sep 2018
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