>>>Where did the problem come from?
>>>
>>>Were the risks known?
>>>
>>>Who said there wasn't any problem (while playing with the fanny of the fanny mae chairman (possibly making his pageboys jealous))?
>>>
>>>http://www.snopes.com/politics/business/easescredit.asp
>>
>>Appears that Bush actually tried to do something right, and was thwarted by a congress with it's collective head buried in the sand.
>>
>>Much as I dislike GWB, you gotta give credit where it's due and blame where it's due also.
>
>Alan, do you have a source for this?

Did you read the snopes link? It covers it with references.