Worth reading side-by-side.
‘Political Genius’ Housing Plan Spurs Bubble Talk: U.K. Credit By Svenja O’Donnell - pub. Bloomberg News - August 20, 2013, at: http://bloom.bg/173vFEx
The Clinton Era Roots of the Financial Crisis Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon - pub. Wall Street Journal - August 12, 2013, at: http://online.wsj.com/article_email/SB10001424127887323477604579000571334113350-lMyQjAxMTAzMDEwNTExNDUyWj.html?mod=wsj_valettop_emailThree more years: A year and one day after Bill Clinton was inaugurated into his second term as president a PBS NewsHour interview with Bill Clinton was aired. In the interview President Clinton proudly discusses his Affordable Housing Initiative, and how he used regulators to force banks to make loans to borrowers who otherwise couldn’t have bought houses. I’ve copied the relevant portion of the January 21, 1998 PBS NewsHour video interview.