Good Point:
The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”
However, in 2002 the President increases Freddie and Frannie money for mortgages for minorities by 440 Billion.
Looks to me that in June 2002 he no longer had the concerns that he expressed in April of 2001.
This could be true, however, it appears his concerns resurfaced in 2003. Personally, I think Bush foresaw the Fannie/Freddie meltdown back in 2003, and did what he could, from 2003 to 2008. That's five long years.