The New York Times from September 11, 2003.
"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago..."
"Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing."
So the fact is Democrats like Barney Frank, ranking member of the Finance Services Committee, blocked it!
How dare Pelosi blame Bush for this?
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