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A September 11, 2003 New York Times article shows that President Bush proposed ?the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. ... http://www.hud.gov/news/release.cfm ?content=pr06-059.cfm. The reality is the entire Economic debacle was engineered by the FED and their artificially low interest rates.. But there is a constant harangue about Barney Frank and Maxine waters relating to Fanny and Freddy.. ...