why did bush brag about more people owning homes than anytime in u.s. history. Because he had nothing to stand on. To show you how foolish america is this law was passed under carter. reagan bush clinton and bush jr could of changed it but didn't.Ron reagan and steve ragan got rid of the people who watched this and allowed monopolies. Than because clinton was getting a bj the grahm-biley-leach law came into effect which allowed banks to buy insurance companies and investment brokerages. Wall street made these loans as an investment vestibule and sold them in packages. they than guaranteed them but didn't want to say the word insurance because insurance is run by the states. The people started foreclosing on these loans. gw went to congress and asked to have these loans go from 90 day delinquency to a yr so that they could try to straighten in out. These investors , many from china threatened to take their money out of the us if these loans weren't made good. The rest is history but little known fact was that bush was trying to give these corps. interest free loans but obummmmmer said hold on and charged companies 16 % Another little known fact this happened over in scandinavia or norway. The president of the country threw 2 bankers in jail. The country bought the under water loan amt. and the country turned around in less than 3 years.