Who's to blame for the housing crash? The stinking bag of excrement can confidently laid at the feet of Democrats. Bush & Co. showed that going back to April of 2001 there were indications that there were problems at Freddie Mac/Fannie Mae.
It was the Democrats who blocked looking into these criminal acts - and attacked the regulators who wanted the sub-prime lender's "accounting irregularities" to be brought out into the public domain.
Republicans repeatedly asked for more regulations and oversight. Check out this video where we see the despicable Maxine Waters (D-California), Rep. Meeks (D-New York), Lacy Clay (D-Missouri), Barney Frank (D-Mass.) and Rep. Davis (D-Alabama) covering up for the failing GSEs (Government Sponsored Entities)
Fannie Mae/Freddie Mac leadership - and their handlers (C. Dodd, B. Frank) in congress - were actively cooking the books in order to maximize their bonus programs.
It's an outrage that this isn't front page news since our leaders in congress are participating in a criminal coverup.