Morgan wrote:
Another twist to the truth, not an accurate interpretation of what really happened. Clinton yes, did pass a bill to try and get more people in private homes, unfortunately, banks and lending companies took a mile where there was only an inch, got greedy, tried to rape people with bad adjustable and balloon mortgages and who were unaware of what they were really signing. It was the complete fault of the lenders who wrote and accepted every single mortgage that was written to fail.
Actually, the mortgage lenders were forced into extending the loans to folk who couldn't afford to pay for them by the Federal Government... This was the reason the Feds "bailed out" the banks... Because the Government created the problem... That it took a decade to collapse the real estate market only proved how strong the USA Economy was in the 1990's and early 2000's...