The author of this article had to work hard top find only Republican incidents contributing to this problem, and to ignore the prevalent role Democrats played in this debacle

1938 Fannie Mae founded (Roosevelt) to provide liquidity in the Mortgage markets

1979 Community Redevelopment Act (Jimmy Carter) told banks to stop redlining (not writing loans in historically troubled neighborhoods)

1995 (Clinton) Fannie Mae began receiving affordable housing credit for buying subprime securities. Clinton appoints Franklyn Raines and Jamie Gorelick as Chair and Vice Chair. Raines changes the rules to allow Food Stamps and Unemployment to be counted as income. Fannie quickly becomes the largest Mortgage holder in the US. Raines makes $90 Million in 6 years, Gorelick $27 Million. Raines is forced out in 2001 after it is found he cooked the books to get bigger bonuses.

2005 John McCain calls for regulatory oversight. Chris Dodd (D-CT) quashes the bill in committee. Dodd received $200,000 in campaign contributions from Fannie Mae and $800,000 in preferential loans from Countrywide

A little different picture than the author paints, isn't it?

Back to the Community Redevelopment Act - The great Community Organizer, Barak Obama organized minorities to demonstrate and demand loans they couldn't (or wouldn't) repay under the act. As a lawyer he sued banks to grant risky loans. Now you know what a community organizer does.