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Not sure what your point is.
Both Clinton and Bush worked to expand home ownership among lower income families. Hell, Bush even made this part of the "ownership society" plank in his early Whitehouse policy.
The exacerbating factor here was how Wall Street used mortgage backed securities to make A HELL OF A LOT OF MONEY which put the extra pressure on Fannie and Freddie to deliver incredible value to shareholders while taking on more sub-prime loans.
In other words, there was just as much - if not even a lot more - pressure to make more risky loans from the business world than both administrations.
-spence
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