The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions


HeraldNet Headlines
HeraldNet Newsletter Delivered to your inbox each week.

Published: Tuesday, July 22, 2014, 12:01 a.m.

Housing crisis started under Carter

Regarding the June 29 letter, “Accurate history is instructive”: OK, that's it. The writer wants accuracy — here is ”what more he can say”: The sub-prime housing crash was not, repeat not, George Bush's fault. It all started under Jimmy Carter and just got worse every year, including every president through Bush. The Bush administration tried twice to get Congress to stop the madness and the same thing happened to him that happened with all of the presidents. The name-calling started — racist and heartless congressmen. Dodd-Frank and liberals forced banks to loan to people who were not really qualified to buy and the list of things to get people into their own home just grew. Yes, the banks were told to loan money or they would be regulated out of business. This is not how free markets operate. It finally was too much for the banks (including Fannie Mae and Freddie Mac — government-run systems) and we stupidly decided to “bail them all out.” My point is stop blaming Bush for everything and give all the facts.
Margie Ellis
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.


Herald Editorial Board

Jon Bauer, Opinion Editor:

Carol MacPherson, Editorial Writer:

Neal Pattison, Executive Editor:

Josh O'Connor, Publisher:

Have your say

Feel strongly about something? Share it with the community by writing a letter to the editor. Send letters by e-mail to, by fax to 425-339-3458 or mail to The Herald - Letters, P.O. Box 930, Everett, WA 98206. Include your name, address and daytime phone number. (We'll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 250 words or less, we won’t ask you to shorten it. If your letter is published, please wait 30 days before submitting another. Have a question about letters? Contact Carol MacPherson at or 425-339-3472.

HeraldNet Classifieds