Government Owned a Big Share of Subprime Mortgage Market

Say Anything blog calls attention to this report from Investor’s Business Daily:

based on the number of toxic loans in the system in 2008, the government was responsible for not just a simple majority, but more than two-thirds. It’s quantifiable — 71% to be exact (see chart). And the remaining 29% of private-label junk was mostly attributable to Countrywide Financial, which was under the heel of HUD and its “fair-lending” edicts.

Here’s the pie chart:

There’s got to be a comeback for this, so what is it?