Why did Bush demand / control Fannie Mae $ 440 billion in home loans, the minorities do in 2002?

Here’s the official press release of the white Hauses.http: / / name georgewbush-whitehouse.archives.gov/news/releases/2002/06/20020617.htmlBush management of Freddie Mac and Fannie Mae and “asked” to its agents 440 billion to lend to poor minorities. He also requested $ 2.4 billion in tax credits (corporate welfare) for builders who build low-income housing. And requested $ 200 million a year, pay for mortgage closing costs. (If the president to appoint your work and ask you something that a lot is when a job that you want to do to keep your job) That’s what Bush said in the press release: “Today President Bush has a new target to increase the number of minority homeowners by at least 5.5 million before the end of the decade. Agenda The Chairman of the Housing aggressive help reduce barriers to homeownership through with funds, increasing the supply of affordable housing, more support programs to support ownership groups, and simplifying the purchase of a house and increase the Bildungschancen.Der president wants to increase significantly the supply of housing available to low and moderate income. The President has the single-family and affordable housing tax credit, providing approximately $ 2400000000 sell to the production of 200,000 affordable housing to encourage low and middle-income vorgeschlagen.Der President, the exhibition “America’s Home Ownership Challenge” in real estate and mortgages, in its efforts, the number of minority owners of 5 stars. lift five million families by the end of the decade to join many organizations have already responded to the President’s challenge by committing to: made essentially by the money of the United States at least $ 440 billion The financial commitment by the government sponsored enterprises in the secondary mortgage market concerned, namely towards the goal of increasing the market for minorities, “Did you know that major donors to Bush were subprime lenders, developer Real Estate Finance and its president is one of the largest manufacturers in America … His name is Dwight stripes and lives in a villa in Palm Beach.Zufall 70 million?

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