Changes

In [[2003]], the [[George W. Bush|Bush]] Administration recommended what the [[The New York Times|NY Times]] called "the most significant regulatory overhaul in the housing finance industry since the [[savings and loan crisis]] a decade ago."  <ref>{{cite web

In [[2003]], the [[George W. Bush|Bush]] Administration recommended what the [[The New York Times|NY Times]] called "the most significant regulatory overhaul in the housing finance industry since the [[savings and loan crisis]] a decade ago."  <ref>{{cite web

|title=Bush Administration Attempts to tighten lending regulation|url=http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print

|title=Bush Administration Attempts to tighten lending regulation|url=http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print

|publisher=The New York Times}}</ref>  The change was to place two of the primary agents guaranteeing subprime loans, [[Fannie Mae]] and [[Freddie Mac]] under supervision of a new agency created within the [[United States Department of the Treasury|Department of the Treasury]].  The changes were generally opposed along Party lines and eventually failed to happen. Representative [[Barney Frank]](D-MA) claimed of the thrifts "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."  Representative [[Mel Watt]] (D-NC) added "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing."

|publisher=The New York Times}}</ref>  The change was to place two of the primary agents guaranteeing subprime loans, [[Fannie Mae]] and [[Freddie Mac]] under supervision of a new agency created within the [[United States Department of the Treasury|Department of the Treasury]].  The changes were generally opposed along Party lines and eventually failed to happen as a result of Democrat efforts in opposition.<ref>{{cite web

|publisher=Government Printing Office}}</ref>Representative [[Barney Frank]](D-MA) claimed of the thrifts "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."  Representative [[Mel Watt]] (D-NC) added "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing."

==Changes of September 2005==

==Changes of September 2005==