[CRBDeuce]

in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.

...great stats...your own research thru those Acts of Congress, or HUD, or other? Clearly establishes 'fault'!

[pleikumud]

http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan

Article titled The True Origins of This Financial Crisis in the Feb 2009 issue of The American Spectator