Dick channey on the financial crisis

Bush once considered replacing Vice President Dick Cheney, Bush says in a revealing memoir in which he offers advice on the U. President George W. I had a sickening feeling every time I thought about it. The book includes the revelation that the controversial Cheney had volunteered to step down in so Bush could pick someone else as his campaign running mate. Bush said he talked to aides about asking Republican Senator Bill Frist to run with him instead of Cheney, but ultimately stuck with Cheney because he valued his steady hand. Bush, 64, has largely remained out of sight and kept his opinions to himself since leaving Washington for Texas in early

White House Philosophy Stoked Mortgage Bonfire

Bush’s Philosophy Stoked the Mortgage Bonfire - The New York Times

A soft-spoken Texan, Mr. In February , he was finishing a blockbuster report that warned the pillars could crumble. Created by Congress, Fannie and Freddie — called G. Today, the White House cites that report — and its subsequent effort to better regulate Fannie and Freddie — as evidence that it foresaw the crisis and tried to avert it. To begin with, on the day Mr.

Fmr. VP Dick Cheney on G.W. Bush & Obama Administration Handling of Iraq

Nevertheless, FBI information since that time indicates patterns of suspicious activity in this country consistent with preparations for hijackings or other types of attacks, including recent surveillance of federal buildings in New York. In , the Federal Aviation Administration distributed a CD-ROM presentation to airlines and airports that cited the possibility of a suicide hijacking. In response to the threat warnings, the Bush administration did nothing. There may have been a few people who figured it out. But when I look back on it, I think a lot of what happened financially had to do with Fannie Mae and Freddie Mac, that those were programs that were put in place by the federal government, produced subprime mortgages and mortgage-backed securities, and were invested in on a global basis.

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