Chris Dodd and the 'Rats blocked the Financial Reform Act of 2005 in the Senate.
It died by filibuster.
Give him this: John McCain, one of the bill's sponsors, spoke in the Senate about what would happen if Fannie and Freddie were allowed to continue on their then current course. And it was an accurate description of what actually did happen.
Nonetheless, the 'Rats killed the bill via filibuster.
At which point, the 'Pubbies (and Bush) let it drop.
When the Democrats won control of Congress in 2006, all hope of reform was lost.
I see it passed the House in Oct 2005.
I remember Fall 2005 and by then house prices had increased by close to 50% a year aveagwe for a few years after Bush's big speech taking credit for giving all those minorities with bad credit home loans. It was a bit late to undue that damage by then.
But what is missing is the big Bush speech calling for the undoing of what he called for in in 2002 speech. That would have given Bush apologists an argument at least.
The House price run up helped him in the 2004 election. The bust was coming.