Because Fannie and Freddy were not the problem and they were under quite heavy regulation. For one the root cause of the problem, the private sub-prime mortgage market could not sell their crap to Fannie and Freddy because they were so heavily regulated.Now you are blaming the downturn on the GOP. What was Democrats proposing that would avert the crisis in 2001-2005? Democrats like Barney Frank were claiming there was no housing bubble in 2005, and recommended congress to expand home ownership. Democrats like Maxine Waters and Gregory Meeks were saying "don't regulate Fannie Mae or Freddy Mac".
Again this what I stated.. however I put most of the blame on the GOP, but far from all. It was GOP policy to deregulate, pushed on by 2 GOPers in a GOP congress and signed into law by a Democrat. This deregulation lead to the unregulated private sub-prime mortgage market that was ultimately responsible for the financial melt down.The financial crisis would have happened under democrat leadership too. It was a collective failure, and it really shows your bias when you say otherwise. You should know better.