7:30 AM EDT, May 6, 2013
I am writing response to the letter writer who stated that the policy of forcing banks to give loans to people who could not afford them was pushed by Rep. Barney Frank and Sen. Chris Dodd ("Stop blaming Bush," May 1).
The housing bubble burst in 2006-2007. The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010, way after the financial mess had started.
The writer also thinks that the Democrats were ruining the economy. President George W. Bush started two wars and passed Medicare Part D, all without funding, and after he had cut taxes. The only thing I can be thankful for is that during his presidency, he tried, but was unable, to privatize Social Security.
George W. Bush was, indeed, a lousy President.
Sheila DeMartino, Bel Air
Copyright © 2014, The Baltimore Sun