Do a little research on who signed and who pushed to overturn Glass Steagall in 1999, hint, Phil Gramm and whom? The results were what?
During the same year, 1999, what President approved and applauded the financial reform act of 1999 authored by Gramm, Leach, and Bliley? The results were what?
Guy, are you ever going to hold Bush accountable for any of his fuckups? Bush had been president for EIGHT YEARS when the economy collapsed in 2008. That's all on him, man.
I look at the facts. Not correlations. I lost my job last year. Obama was president. In left-wing idiot world, I should blame Obama for my job loss. Because he's been in power 7 years, and I lost my job.
That's the difference between the right and the left. You people don't look at anything logically. You "feel" like Bush is at fault, because something bad happened, when he existed in the white house.
We look at facts. When did the housing bubble start?
The FACT is that the housing bubble started in 1997. Period. No excuses. No "well yeah but". FACT, housing bubble started in 1997.
When did the sub-prime loans take off?
FACT, the sub-prime loan market was a niche market until 1997.
Question, what connection does the sub-prime loans, and housing price bubble, have to government policy.
First Union Capital Markets Corp., Bear, Stearns & Co. Price Securities Offering Backed By Affordable Mortgages
First Union Capital Markets Corp. and Bear, Stearns & Co. Inc. have priced a $384.6 million offering of securities backed by Community Reinvestment Act (CRA) loans - marking the industry's first public securitization of CRA loans.
The $384.6 million in senior certificates are guaranteed by Freddie Mac and have an implied "AAA" rating. First Union Capital Markets Corp. is the investment banking subsidiary of First Union Corporation (NYSE: FTU).
FACT, Freddie Mac guaranteed sub-prime mortgage backed securities in 1997.
FACT, Andrew Cuomo in the Clinton administration 1998, openly and proudly proclaimed their law suits forced banks to make sub-prime loans, and even admitted the default rate would be higher on those risky loans.
So to answer your question, when are we on the right going to blame Bush for the sub-prime crash? Never. Not unless we become and irrational, illogical, and incompetent as you. We would have to have a brains surgically removed, and ignore all of the facts, to be a worthless and mindless as you people on the left.