Correct, once the economy savvy Republicans designed a perfect program the Liberal Democrats high jacked it.<quoted text> http://www.govtrack.us/congress/bills/110/hr3...
Once the true minority caring Republicans came up with a win-win situation, win for the bank AND win for the poor, the Liberal DemocRATS, oil the "win for the bank" away because it was not "fair" and used the ACLU and other racist agencies to threaten banks if they did not gave mortgages away to lazy irresponsible Liberals.
Sine the Republicans knew ALL Liberals are irresponsible they were concerned and "blowed the whistle"!
But the DemocRATS called them "racists"!
See? You are confusing the "Subprime Mortgage program" with Freddie Mac and Fannie Mae.
Freddie Mac and Fannie Mae were controlled by corrupt Liberals (all Liberals are corrupt).
Democrats were warned by Republicans of the coming housing crisis and Liberals DID nothing.