Difference between revisions of "2008 mortgage crisis/Clinton"
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==Overview== | ==Overview== | ||
| − | [[category:claims]]A [[1999-09-30 Fannie Mae Eases Credit To Aid Mortgage Lending|1999 article]] in the ''[[New York Times]]'' (NYT) has been widely cited by Republican sympathizers as evidence that '''[[Bill Clinton]] helped cause the [[2008 mortgage crisis]]''', which was a contributing factor to the [[2008 financial meltdown]], and that therefore Clinton (and [[US Democratic Party|Democratic]] economic policy) bears responsibility for the mortgage crisis and the subsequent meltdown. | + | [[category:claims]]A [[1999-09-30 Fannie Mae Eases Credit To Aid Mortgage Lending|1999 article]] in the ''[[New York Times]]'' (NYT) has been widely cited by Republican sympathizers as evidence that '''[[Bill Clinton]] helped cause the [[2008 mortgage crisis]]''', which was a contributing factor to the [[2008 financial meltdown]], and that therefore Clinton (and [[US Democratic Party|Democratic]] economic policy) bears responsibility for the mortgage crisis and [[Bill Clinton helped cause the 2008 financial meltdown|the subsequent meltdown]]. |
The basic argument seems to be that Clinton put pressure on [[Fannie Mae]] and [[Freddie Mac]] (FM/FM) to expand mortgage loans among low and moderate income people, which led to an increased number of risky loans, thus increasing the number of eventual foreclosures – a problem which was at the heart of the 2008 mortgage crisis. | The basic argument seems to be that Clinton put pressure on [[Fannie Mae]] and [[Freddie Mac]] (FM/FM) to expand mortgage loans among low and moderate income people, which led to an increased number of risky loans, thus increasing the number of eventual foreclosures – a problem which was at the heart of the 2008 mortgage crisis. | ||