Home Equity Loans Arizona

Here is a link to george bush’s official website/press releases at the national archives. http://georgewbush-whitehouse.archives.gov/news/releases/2002/06/20020617.html

On june 18, 2002 bush gave a speech in atlanta and in his words “pledges to use the mighty muscle of the federal government to increase minority home ownership by 5.5 million homes.”
He then requests his appointees at freddie mac to make 440 BILLION in sub prime loans to minorities, or 20 times the amount that democrat presidents had requested”

Here is from bush’s official press release in the link: Today, President Bush announced a new goal to help increase the number of minority homeowners by at least 5.5 million before the end of the decade. The President’s aggressive housing agenda will help dismantle the barriers to homeownership by providing down payment assistance, increasing the supply of affordable homes, increasing support for self-help homeownership programs, and simplifying the home buying process & increasing education. The President also issued “America’s Homeownership Challenge” to the real estate and mortgage finance industries to join in his effort to increase the number of minority homeowners by taking concrete steps to tear down the barriers to homeownership that face minority families.

Why did bush order 440 billion in loans to high risk people? Did you know his campagin finance chairman owns the biggest homebuilder – ryland homes – and another top donar owns the largest subprime mortgate broker in the usa. And don’t forget his cousin, herbert walker, ran the credit default insurance scams at goldman sachs.

Looks like all of bush’s buddies got filthy rich from the 440 billion he ordered. Do you agree?