“Therefore he continued the disastrous housing crisis that was started under the Clinton administration.”
I disagreed with several stances GW took, but on this one - he tried MANY times over his terms to get Congress to put tougher oversight and regulation on Fannie and Freddy, but due to liars like Frank and Dodd (both of whom personally benefited from their largesse), Congress looked the other way and refused. The housing crisis was not due to lack of trying on GW’s part.
Here’s Bush’s *own* words, in a speech pushing home loans for totally unqualified minorities.
http://www.youtube.com/watch?v=MqR15H0gNBU