In 2005, Repugnants controlled the House, Senate, and Presidency. If Bush wanted something, he would have gotten it from a Repugnant Congress!! DUH!!<quoted text>
On January 26, 2005, the Federal Housing Enterprise Regulatory Reform Act of 2005 (S.190) was first introduced in the Senate. After being reported favorably by the Senate's Committee on Banking, Housing and Urban Affairs in July 2005, the bill was never considered by the full Senate for a vote.
The House also introduced similar legislation, the Federal Housing Finance Reform Act of 2005 (H.R. 1461). The House Financial Services Committee crafted changes and produced a Committee Report to the legislation. It was passed by the House in October in spite of President Bush's oppossition to the House version: "The regulatory regime envisioned by H.R. 1461 is considerably weaker than that which governs other large complex financial institutions."
The legislation met with opposition from both Democrats and Republicans at that point and the Senate never took up the House passed version for consideration after that.
Bush cannot be blamed when both sides dropped the ball over splitting hairs over the exact wording or Democrats demanding it be watered down.
Every single sponsor of that bill that could have prevented the housing crisis was a Republican.
Not one Democrat.
To say it's not Bush's fault, as Chief Repugnant in Charge, is as stupid as so many of the claims you make in his defense.
Here's the truth about Bush and housing;
""As early as February 2002, Bush said at a conference on retirement savings,“I want America to be an ownership society, a society where a life of work becomes a retirement of independence.” Even as Texas governor, he told senior citizens:“Ownership in our society should not be an exclusive club.... Everyone should be a part owner in the American dream.”
Bush ignored the housing bubble and let it grow.
Your lies to the contrary are just that, lies, filthy ones.
Much like your lies concerning the Iraq War.
You fault people who were lied to for voting based on a pack of lies presented by Bush and Cheney.
You're really sick.