Mortgage Industry Quotes
This was yet another warning about an area that became a major factor 4 years later in the Meltdown of 2008 and the Great Recession. The George W. Bush administration, however, rejected proposals to prevent more mortgage abuses by regulating the banks and mortgage brokerage industry more.
He was speaking for the Bush Administration. He was another regulation-opposed appointee of the George W. Bush Administration. He killed many regulations that had been developed to better regulate the banks and the mortgage industry to stop many of the obvious abuses of the industry. With few regulations in place, despite warnings such as {638024}, what had been greedy and dangerous practices of a minority of the industry became the vast majority when the bubble burst in the Meltdown. Note the rhetorical device of using “regulatory intrusion” rather than “regulation” or “more regulation”. This reflected an extreme conservative view that all regulation is bad – an “intrusion”, while most conservatives want a reasonable degree of regulation and not the elimination of all regulation.
