HUD a bipartisan clusterfuck on subprime crisis

Congressional Democrats so anxious to find GOP scalps to nail to the wall over the Department of Housing and Urban Development’s throwing gas on the flames of the subprime crisis should look in the mirror.

First, in 1995, the Slicker’s HUD agreed to let Fannie Mae and Freddie Mac buy up more subprime loans.

Second, both parties in general have kissed the giant buttocks of the National Association of Realtors and its peddling of the myth of the “American dream of homeownership.”

Third, the bipartisan push in the late 1990s that eventually overthrew Glass-Steagall lay behind the lax oversight from both parties, though it did get worse in the Bush Administration.

That said, I’m sure a Gore Administration would have gone along for the same ride.