What's your point?
The same point as the editorial...trying to make Bush and Republicans as responsible for the FM/FM mess as the Democrats is the MSM spin, and repeating it makes Issa nothing more than a tool for the Democrats.
Filibusterd by Dodd in 2004, and killed in committe by Democrats in 2005, 2006.
..............
http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html
September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
Consequently, under both the Clinton and Bush administrations, HUD dramatically increased these quotas, which reached their zenith when the Bush administration raised them to 56 percent, 27 percent and 39 percent, respectively.”http://www.ibdeditorials.com/IBDArticles.aspx?id=314582096700459
What's your point?
Did you read the IBD column? It actually cited as an example how an article stated that Bush raised a quota to 56 percent (but fails to mention that this move raised it from 50 percent to 56 percent, and that it was clinton that CREATED the previously non-existent quota and raised it to 50 percent in the first place).
So the paragraph you cited makes it sound like Bush is responsible for most of the increase in the quotas when in fact clinton CREATED the quotas and set them ridiculously high while the HUD department under Bush slightly increased the quotas from the clinton quotas.