Bush's Place in History.

[DuncanONeil]

There are two governing laws:

• The Fair Housing Act of 1968
• The Community Reinvestment Act of 1977

The make up in both of the Congresses of the time was majority Democrat in both houses! By ratios even higher than today;

• 90th Congress
  
  • Senate -- 64(D) 36(R)
  • House -- 247 (D) 187 (R)
• 95th Congress
  
  • Senate -- 61(D) 39(R)
  • House -- 292(D) 143(R)

So to try to blame this on the Republican party does not comport with the facts.

Further, to make it a violation of law to not give loans to persons in a certain area or certain type, without regard to any reason, is exactly the same as saying; "you must lend even if they look like a bad risk. Fail to do so at your own peril! Do not forget we control your existence as a business!"

um, The Congress was decidedly Republican when the regulations were stripped from the banking industry. And No laws REQUIRED lenders to lend to poor risk lenders.

The poor risk lending was made by unscrupulous lenders wishing to make a fast book over making loans to ignorant lendees.

Your information here is COMPLETELY false.