"President Bush and members of Congress, through the Community Reinvestment Act"
Nonsense. The Community Reinvestment Act was passed during the CARTER administration. In April 2001 the Bush administration proposed reining in Fannie Mae and Freddie Mac. ALL of the blame falls on the Democrats' shoulders. Period.
HUD, under Clinton pushed lenders to make loans to people who couldn't possibly repay them, and Fannie Mae and Freddie Mac to buy them. This is a TOTALLY Democrat problem, no Republican fingerprints anywhere near it.