Here's George W. Bush, The Worst President Ever, pumping the housing Ponzi Scheme in 2002, launching his Big Con to get the last suckers in (blacks, hispanics and "subprimers") with toxic loans that would end up bankrupting them and taking down the economy:
"I've set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. Five-and-a-half million families by 2010 will own a home. That is our goal. It is a realistic goal. But it's going to mean we're going to have to work hard to achieve the goal, all of us. And by all of us, I mean not only the federal government, but the private sector, as well.
George Bush yesterday, probably understanding now that he fuc*ked up royally:
"I like the fundamentals. They look strong but there are new signals that cause concern and one of the signals is the fact the housing market is soft. It's going to take a while to work through the downturn"
In the end, in this case I'm not sure if Bush was corrupt, or if he was just stupid. I'm leaning toward stupid. History will not be kind.