Sub-Prime Mess: How responsible is Bill Clinton?

From wikipedia: "In 1999, under pressure from the Clinton administration to offer more loans to minorities (who are traditionally underrepresented in the mortgage market), Fannie Mae began a program to extensively expand loans made to people with low to moderate credit." Clinton's objective to see to it that... show more From wikipedia:

"In 1999, under pressure from the Clinton administration to offer more loans to minorities (who are traditionally underrepresented in the mortgage market), Fannie Mae began a program to extensively expand loans made to people with low to moderate credit."

Clinton's objective to see to it that every American own their own home and the subsequent pressure on Fannie Mae started the snowball that became the avalanche. Agree or disagree?

http://en.wikipedia.org/wiki/Subprime_mo...
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