That's your problem. You're trying to simplify a complex issue - and consequently missing the point.
No, it's not a complex issue. That's what the gov't dems want you to think. I was trying, unsuccessfully I might add, gather bullet point facts about the crisis.
There's one fact people need to understand.
Fannie and Freddie were failing, everyone knew it and Barney Frank prevented congress from acting when it needed too.