Bush Was Warned About Mortage Meltdown in 2005
mmflint asked: news.yahoo.com They warned us, but US eased loan rules By Matt Apuzzo / Associated Press WASHINGTON The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the [...]