[Signalman]

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers

The smoking gun. The Clinton administration was behind this fiasco.

[mass55th]

Andrew Cuomo and Freddie and Fannie

[Timeout]

After reading it I came back here to see if anyone else had focused on that paragraph.

Let’s call them what they were: QUOTAS!

Helluva way to run a company.

[VOA]

The smoking gun. The Clinton administration was behind this fiasco.

And what did Dubya do to put an end to this?

That's an honest question.
He may have tried, but I failed to hear about it in the MSM
(maybe they just didn't report it!)

Current reading in The Wall Street Journal simply quotes Dubya
as saying there was a place for government to help people into
homes (in 2004)...
with an accompanying quote from McCain in 2008 saying the government
shouldn't guarantee any home loan unless the buyer is putting down
a substantial down-payment.

I respect Dubya for all he's done to protect the country.
But on the issue of the mortgage debacle, he seemed to be a
cheerleader, surely with all the good intentions and faith in
the average Joe/Josephine to utilize these loans to good advantage
in getting into a house and eventually building equity.

Maybe in this one mess, Dubya had TOO much faith in his fellow citizens.

[Servant of the Cross]

This also reminds me of the Clinton Justice Dept. The infamous Jamie Gorlick created the infamous “Wall” which prohibited any information sharing between the FBI and CIA. This was the smoking gun behind our inability to ‘catch’ some of the 911 terrorists, particularly Mohmamed Atta. So appropriate that Ms. Gorelick was also a Fannie Director who received huge Director fees for a long time too.