The problem was not solely low income buyers, but others who got caught up in a housing bubble and paid far more than their homes were worth.<quoted text>You are right GW Bush Adminstration did carry on with those HUD policies and the Legislation enacted under Clinton Adminstration and used tax payer dollars too to help low income people to buy houses and why I have said too GW Bush was a Pseudo Liberal within the Republican Party which even Bruce Bartlett confirms that in his Book "How George W. Bush Bankrupt America and betrayed the Reagan Legacy".
Home Ownership and President Bush
George Bush: we want everybody in America to own their own home. That's what we want.
No amount of legislation can cure stupidity.