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Actually, my father was sent an article his friend had from the NYT's dating back to 1999. The Clinton Admin wanted to loosen up some of the tolerences on Fannie/Freddie's "sub-prime" loans to lower income familes.
In the article it stats something to the effect that this is great in the current economic boom, but if it gets out of control and the country were ever to go into a large downturn, that this could prove to really hurt them and the goverment would have to bail them out like what happend with the S&L's in the 80's/90's.
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2/20/2013: They Day the ****s Stopped
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