Quote Originally Posted by maladroit
"it's a fact that in 2001 Bush tried to introduce legislation to impose stiffer
regulations on Fannie and Freddie. "

- so we can add fannie and freddie to his list of failed objectives along with bin laden...it is a fact that george bush introduced legislation to make it easier for banks (including fannie and freddie) to issue mortgages to low income people with impaired credit...it is a fact that george bush pressured fannie and freddie to issue half a trillion dollars of mortgages to low income families...it is a fact that george bush pressured private banks to issue more mortgages to low income families...bush has personally pimped risky mortgage lending practices since his first state of the union speech right up until 2006 (at least)
Actually it was democrats that leveraged pressure against fannie and Freddie in the early 90's

You've been clinging to that statement about Bush in regards to the mortgage crisis for some time now and I've corrected you each time. The problem was not spurred by Bush nor did it start with him


Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times

In October 1992, a brief debate unfolded on the floor of the House of Representatives over a bill to create a new regulator for Fannie Mae and Freddie Mac. On one side stood Jim Leach, an Iowa Republican concerned that Congress was "hamstringing" this new regulator at the behest of the companies.

He warned that the two companies were changing "from being agencies of the public at large to money machines for the stockholding few."

On the other side stood Barney Frank, a Massachusetts Democrat who said the companies served a public purpose. They were in the business of lowering the price of mortgage loans.

Congress chose to create a weak regulator, the Office of Federal Housing Enterprise Oversight. The agency was required to get its budget approved by Congress, while agencies that regulated banks set their own budgets. That gave congressional allies an easy way to exert pressure.


How Washington Failed to Rein In Fannie, Freddie

Here it is straight from Bill Clinton's mouth:

YouTube - Bill Clinton Agrees That Democrats Caused Financial Crisis
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