In A Nutshell
(2) A look at the timeline makes clear that the practice of sub-prime lending began in the Clinton era and was called to the carpet in 2004 when it started getting out of hand and raised red flags to number crunchers. The Republican-backed snooping was beaten back by Democrats like Barney Frank, Reid, and others.
(3) The "community organizing" that Barack has on the top of his resume' for "experience" refers to his activities with ACORN--which worked hand-in-hand with Franklin Raines at Fannie.
(4) Raines is now "economic advisor" to Obama.