Yes, it was the legislation that is responsible for the significant increase in sub-prime loans, by punishing banks and lenders if they didn't make them. It also securitized them. . .creating this secondary market and the mess we see now.
People here don't like to talk about it, because "It's Bush's fault!" Why? Because apparently trying to stop it wasn't enough. The Repubs should have stopped it.
That argument is about as sound as starting your house on fire and then blaming the fire fighters when it burns down because they only "tried" to stop the fire. This legislation was like pouring gas all over your belongings and lighting the match.
ETA: I forgot to mention, while your house is burning to the ground Sen. Frank is standing in front of it screaming, "There is NO fire here!"
