The GOP was in on it too I’m afraid. GWB pushed hard to make loans available to all Americans. Also, Mr. Andrea Mitchell made it attractive with his actions (very low interest rates) at the Federal Reserve.
>>>The GOP was in on it too I’m afraid. GWB pushed hard to make loans available to all Americans.<<<
Your information is just flat wrong. The Bush administration, early on, was warning of excesses at Fanny and Freddie...and later (2005) pushed for more
stingent regulation. Here’s film (2004)....look at it carefully.
http://www.youtube.com/watch?v=_MGT_cSi7Rs