Faun
Diamond Member
- Nov 14, 2011
- 124,353
- 81,200
- 2,635
The 50% mandate occurred in 1997 and as the chart shows, thy were still decreasing as a percentage until 2002. And it was Bush 1 who set them to 30% to start with.They were decreasing as a share of the market.I was quite clear, despite your attempt to quote me out of context, that I spoke of the percentage of subprime loans of all mortgages. I even cited 2002 as the low point before the bust at 7.4% — and how it was after that when it skyrocketed.It’s no one’s fault but your own that you lack the required skills to read a chart.
2002 = 7.4% ... the percentage of subprime loans of all mortgages. That was the lowest that figure appears on that chart until 2008 when the markets collapsed.
Then in 2004, that 7.4% skyrocketed.
Bush/Republican policies in action.
It’s no one’s fault but your own that you lack the required skills to read a chart.
You said, "Though subprime loans were decreasing when Bush became president"
As the chart you posted shows, subprime loans were $100 billion in 2000, about $160 billion in 2001, $200 billion in 2002, $300 billion in 2003 and over $500 billion in 2004.
Not a single decrease in Bush's entire first term.
Perhaps you shouldn't talk about skills to read a chart? DERP!
I was quite clear, despite your attempt to quote me out of context
Out of context?
Try harder.
I just showed you Bush was pushing for the GSE’s to invest $440b into the private sector. And his policies worked.
Though subprime loans were decreasing when Bush became president, they began exploding in 2004, following Bush’s lead. They dropped to 7.4% of the market share of all mortgages in 2002 .... and then tripled to over 20% until the housing markets and credit markets began to collapse.
Dropping to a 7.4% share doesn't mean subprime loans were decreasing.
FFS, $200 billion in 2002 is DOUBLE the $100 billion in 2000.
Just to clarify your confusion, subprime loans growing slower than prime loans does not mean $200 billion is less than $100 billion.
Then in 2004, thanks to Bush and Republicans, they skyrocketed.
They were decreasing as a share of the market.
Even as they were rapidly growing. We agree.
Then in 2004, thanks to Bush and Republicans, they skyrocketed
And the 50% mandate. Can't forget about that.