Wait a sec. The HARP, IIRC, did not give the gov’t unlimited power.
And BUSH was one of the people trying to get the Democrat congress to LOOK at Fannie/Freddie.
Bush had his problems, and he should never have signed on to TARP, but this is Obama’s doing.
If you click on the link, and then click on the link within the original article, it tries to explain. Not well, I might add.
But it involves changing the existing rules for GSE’s.
W started the current trend of vote buying that we’re seeing. Most notable were his tax rebates which had no mid or long term effects on the economy.