As I remember the Bush administration tried to get Fanny Mae and Freddy Mac reformed in like 2001. but the Dem's in congress refused to do anything. Back in the 90s the clinton administration put in effect the fair housing laws that made it possible for people to get loans even though they could not afford to pay the loan. As for the people that got into a mess with there houses because of the economic mess I would say help them not the ones that knew they could not afford it. It is crazy to buy a Million dollar house when you only make 25k a year.
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