Saw CNN program, Mortgage Meltdown,


and didn't realize how, in 2002, W (shown here, accidentally sitting on his thumb) made a speech, saying how his new initiative would allow 'over 5 million new minority homeowners' in the US. His administration had changed the rules, so basically, 'no money, no job, no problem'. A new product, called a 'liar loan', became more and more common, as lenders were not required to verify statements on loan applications. As with most Bush administration policies, the lenders made the rules for lending, like the energy and drug companies made the rules for their industries, and those at the top become multimillionaires. Now, as with his foreign policy and energy policies, we are going to pay, and pay, and pay. Thanks, George....

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