George Bush actually said...

The recent dramatic increases in defaults and losses in the FHA fund indicate that FHA activity over the last few years has not been on an actuarially sound basis.

Context

Statement of Administration Policy: H.R. 2916 - VA, HUD, and Independent Agencies Appropriations Bill, FY 1990

09/17/1989

https://www.presidency.ucsb.edu...

More George Bush Quotes

View All George Bush Quotes