Time-line: Bush-Wall Street Corrupt Housing Crisis
2002=Video: Younger Bush Pushing "EASY Loans" on Minorities
2002=Bush Video:http://www.youtube.com/watch?v=kNqQx7sjoS8&feature=related
2002=Bush Enlisted Investment Banks issue "EASY SURE FAIL" Mortgages
2002=Bush Proclaims Enlisted Fannie/Freddie to buy Garbage Mortgages
2002 FED+Bush Admin=high priority on "financial innovation"+Bush"s "ownership society"
2002 FED=Used housing boom to prop up economy after 2000 market collapse
2002 FED governor=warned: lenders breeding fast-growing risky mortgages
2002 FED examiners=investigate mortgage lenders of WSBanks
2003+2004=FED analyst: deteriorating lending standards+higher defaults+ foreclosures
2003+2004=FED encourage development of alternative mortgages=sub-prime loans+ adjustable
2004=Comptroller Curr (OCC) used 1863Law=prevent enforcement state predatory lending laws
2004=OCC=prevent enforcing consumer protection laws against Big Banks
2004=Link:http://www.nakedcapitalism.com/2008/02/spitzer-bush-administration-blocked.html
2007=FED+F DIC+OCC=is sue guide=No new loans to poor after 'teaser' rates expire 2-3 years
2007=FED+F DIC+OCC=Bl ock Half of Subprime borrowers from refinancing=Insure Casino Bets
2007=FED decisions=Help Banks win Casino Bets
2007-2009=20-30% Subprime didn't meet Refi thresholds,But 70-80% would without new rules
2007-2009=2Million teaser-rate loans expired without refi http://www.bloomberg.com
2002-2008=Graph of Housing Bubble showing straight up line 2003-2007 (below)
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2007=Bubble fed by "Easy SURE FAIL" Mortgages BURST creating CRISIS
2008=Green span=saying FED ill-equipped to investigate deceptive lending=False
2009=Greenspan consulting gig PIMCO+asset manager GSE mortgages+senior bondholder
Graph=http://www.mortgagecalculator.org/images/us-subprime-mortgage-market-growth.png
Bush Ownership Society: http://en.wikipedia.org/wiki/Ownership_society
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