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<blockquote data-quote="trplnkl" data-source="post: 909590" data-attributes="member: 13254"><p>Actually, I'm not taking anything out of context, the person who edited the clip did that. Bush is talking about two different types of buyers. </p><p> Here is what he did say:</p><p></p><p></p><p></p><p> I realize this is kind of nit picking, but clips edited through out most often are hiding something or making things seem different than they really are. All the other versions I can find of this speech are either stop at an earlier spot than this one or are from an other speech where Bush covers just some of the same topics.</p><p> The idea that Bush was specifically seeking out people with BAD credit is just not true. He was looking for a way to help ALL people that previously couldn't get loans to buy a home and not all of them were deadbeats (as one of the obvious edits indicate). Some of them had medium incomes at the time, but not great credit histories. Some had no credit history, some weak credit and many with low income. </p><p> Now, did the deregulation go too far and allow for abuse of the intent, oh hell yea. IMO, the worst thing Bush did with this was not to put in safe stops to prevent those abuses as you outlined earlier. The government has a way of not doing enough and then turning around and doing too much.</p></blockquote><p></p>
[QUOTE="trplnkl, post: 909590, member: 13254"] Actually, I'm not taking anything out of context, the person who edited the clip did that. Bush is talking about two different types of buyers. Here is what he did say: I realize this is kind of nit picking, but clips edited through out most often are hiding something or making things seem different than they really are. All the other versions I can find of this speech are either stop at an earlier spot than this one or are from an other speech where Bush covers just some of the same topics. The idea that Bush was specifically seeking out people with BAD credit is just not true. He was looking for a way to help ALL people that previously couldn't get loans to buy a home and not all of them were deadbeats (as one of the obvious edits indicate). Some of them had medium incomes at the time, but not great credit histories. Some had no credit history, some weak credit and many with low income. Now, did the deregulation go too far and allow for abuse of the intent, oh hell yea. IMO, the worst thing Bush did with this was not to put in safe stops to prevent those abuses as you outlined earlier. The government has a way of not doing enough and then turning around and doing too much. [/QUOTE]
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