Been reading about the 2008 real estate housing bubble and

Posted on: August 20, 2017 at 13:10:18 CT

crash. The authors I've been reading seem to want to give the government a pass, when the government was pushing for increased subprime lending beginning in the Clinton administration:

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html?mcubz=0

"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."

...and yes it continued under Bush.

Edited by MUTGR at 13:11:32 on 08/20/17