On Oct 23, 12:18Â*pm, wrote:
...

By republican deregulation---the area of dabbling in "bundling"
mortages into larger and larger chunks was not attributable to
Democras---it was solely republican caused.

...


1) Securitization for residential mortgages was invented in 1970 by
Ginnie Mae. It was expanded by government sponsored enterprises (e.g.,
Fannie Mae and Freddie Mac) and private institutions through the 1980s
and '90s to include a wide range of financial assets. 2) Congress has
consistently eliminated regulatory obstacles to securitization with
the Secondary Mortgage Market Enhancement Act (SMMEA), Real Estate
Mortgage Investment Conduits (REMICs), Financial Asset Securitization
Investment Trusts (FASITs), and Riegle Community Development and
Regulatory Improvement Act. 
3) The Riegle Act also instructed federal
regulators to reduce risk-based capital requirements for bank holdings
of small business loan securities.
http://www.nado.org/loansales/securitization1.html

"In 1992, Congress mandated that Fannie and Freddie increase their
purchases 
of mortgages for low-income and medium-income borrowers.
Operating under 
that requirement, Fannie Mae, in particular, has been
aggressive and 
creative in stimulating minority gains."
"The two companies are now required to devote 42% of their portfolios
to 
loans for low- and moderate-income borrowers"
http://articles.latimes.com/1999/may/31/news/mn-42807

http://www.youtube.com/watch?v=usvG-s_Ssb0