In this short but sweet video, Karl Rove attempts to correct the misinformation spread by Obama on the origins of the housing crisis. During the Bush years, Republicans did try to regulate Fannie and Freddie, and it was the Democrats who blocked it (partly because they were getting funding).
Here is video proof that Republicans tried to regulate Fannie and Freddie, and it was the Democrats who said “there is no crisis.” McCain tried to say this in the campaign, but everyone was just so ready to blame Bush that they disregarded the facts.