[syriacus]

BTW,

Which particular Republicans do you think we should blame?

Which particular Democrats do you think we should blame?

[syriacus]

One poster's take on this

S190 got out of committee by 11-9 and they didn't have enough votes if the Dems tried to fillibuster it.

It was considered a partisan bill needless to say even though they were warned otherwise by Greenspan and others.

The main reason the dems didn't like it was due to portfolio caps that they felt would harm FM/FM 's ability to offer no money down mortages needed to help those " that couldn't afford it".

Another poster's take on this (same web page)

If REP had 60 votes they would have passed it. Bush wanted it. Treasury Dept wanted it. Rep leadership wanted it. Many powerful republicans wanted it.

[raybbr]

BTW, Which particular Republicans do you think we should blame? Which particular Democrats do you think we should blame?

Good questions. I would blame Bush, any republicans that did not PUSH for this bill and the same for democrats. There is plenty of blame to go around.

Bush pushed for expansion of purchasing GSE's in 2004 so he has to be on the list.

The idea of FAnnie and Freddie is not new. There could have been numerous challenges to it. Bush could have used the bully pulpit to help on this but he was too busy bragging about homeownership under his admin.