You might want to critically read what you post.
Such as this snippet:
"Ironically, the Bush administration repeatedly went to Congress in
2004, 2005 and 2006 to obtain stronger oversight and some limits on
Freddie and Fannie's reckless subprime lending. And each time, it was
voted down by Democrats in Congress, led by Frank, now chairman of the
Financial Services Committee."
Did you even consider that there was a ***republican*** Congressional
***majority*** during those years? If the republican president and the
republican congress actually wanted to cross their owners and cronies
they certainly could have done it without worry of being "voted down" by
a few democrats.
Both parties were complicit in the greed and the rigged game run by
their cronies that brought us to our current situation.
can you cite any other sources outside of investors.com?