This is a video from 2004 where Democrats seem to oppose and Republicans seem to favor stricter review and regulation of Fannie Mae and Freddie Mac. This is not to say that the Democrats did not favor stricter review or that the Republicans are innocent from blame and I do blame both sides for the mess.
But for those who try to paint the other picture, the Democrats being those who fought for regulation against the GOP, it does change things a bit.
It’s all in their own words, so watch it for yourself
http://www.youtube.com/watch?v=_MGT_cSi7Rs