>>>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?

I'm just going by that snopes url that William posted. Snopes has been reasonably accurate so far on most things, so I'm assuming it's accurate on this one.