A non-partisan report blaming the Democrats from Fox News. Names and facts. The Democrats created this mess and now we’re expecting them and the messiah to get us out of it? I’m not thrilled with Bush’s plan either but I wouldn’t hand over a trillion to one guy that’s going to be in charge of handing it out. Thanks to politics, they can’t have a solution without a bunch of strings and BS attached.

Everyone else knows how we got here. How come Congress forgot? Once you hear the explanation, you’ll see how simple it was, how it happened and know exactly what happened.

Chris Dodd is the top receiver of Fannie / Freddie contributions, so you’ll understand why he was against any oversight of the mortgage giants. (Obama being third on the list and he’s only been in the Senate for two years? I’m sure that’s nothing to worry about, nothing at all!)

UPDATE: Also read this from the LA Times in 1999 explaining in more detail, be sure and read the entire article:

Minorities’ Home Ownership Booms Under Clinton but Still Lags Whites’
All of this suggests that Clinton’s efforts to increase minority access to loans and capital also have spurred this decade’s gains. Under Clinton, bank regulators have breathed the first real life into enforcement of the Community Reinvestment Act, a 20-year-old statute meant to combat “redlining” by requiring banks to serve their low-income communities. The administration also has sent a clear message by stiffening enforcement of the fair housing and fair lending laws. The bottom line: Between 1993 and 1997, home loans grew by 72% to blacks and by 45% to Latinos, far faster than the total growth rate.

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