George Bush actually said...

"The provision in the Senate amendment authorizing the issuance of 'Hope Bonds' would fragment the existing Treasury bond market."

"A good FHA Modernization bill must: protect FHA's ability to price a product based upon the risk it presents to taxpayers."

"The Federal Government must not prolong necessary corrections in the housing market, bail out lenders, or subsidize irresponsible borrowing and lending."

"While an expansion of FHA's reach is appropriate to help more homeowners, it must be done responsibly."