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
Wasn’t the root back in the 70s when the activists threatened to sue banks for not giving loans to unqualified borrowers? (That’s meant as a question and not a statement; I only know what I’ve read and been told about it.)
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Replying to @CLHinkle
But when Democrats try to push for more loans to the Democrat base, Republicans are suspicious so scale was small. But the 2002-2004 Bush Push for more loans to minorities by reducing regulation wasn't protested by either party. Nor did lenders protest. Everybody was happy!
6:36 PM - 13 Sep 2018
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