"Dave" wrote in message
...
On Wed, 8 Oct 2008 15:29:02 -0700, "Capt. JG"
said:

"The U.S. Department of Housing and Urban Development (HUD) carries the
oversight responsibilities for the housing mission of the GSEs. Effective
January 1, 2005, HUD established new and increasing affordable housing
goal
levels for the GSEs for the years 2005 through 2008. These goals require
that a certain percentage of the mortgages purchased by Fannie Mae and
Freddie Mac support financing for housing low - and moderate - income
families."

2005 - Republicans controlled the WH and the Congress.

Now read the rest of the article.


?? That is the rest of the article. Are you denying that Congress was in
charge?

--
"j" ganz @@
www.sailnow.com