Much has been made of the White House’s supposed role in creating the current financial crisis. While I don’t understand the causes well enough to attribute blame, it should be noted that the administration did try to pass these changes 5 years ago and was rebuffed by Congress. In particular, note the comments by Rep. Barney Frank who now seems to be the one who’ll save the U.S. from the financial failure: Snificant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing. ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the…