No, you are wrong olivant! The passing of the bill that was pushed through by the dems allowed the office of federal housing enterprise oversight to relax restrictions on the mortgage finance companies investment holdings. It allowed the easing up of, what was once, very strict bookkeeping restrictions. So in turn Fannie and Freddie went out and bought about $15 - $20 Million MORE in subprime mortgages. This was pushed for by the democrats because they wanted to help revive a market that they felt was hindered by very strict lending standards. Not only was this meant to try and help lower income families get mortgages, but it also was meant to allow others to refinance their existing mortgages. With the passing of this bill and the easment of lending restrictions and bookkeeping practices, subprime loans were being given to HIGH RISK borrowers with already shakey credit.