The origins of the problem

This post (http://www.snopes.com/politics/business/easescredit.asp) from snopes.com has links to the NYT stories it quotes. Hmmmm lesseee now... Bush was *for* oversight, Barney Frank and the Democrats of course opposed it, and BTW the Clinton administration started the subprime mess to placate their voting blocs... that doesn't seem to jive with the current rhetoric.