I have been reading a lot lately about the cause of our nation’s current economic turmoils. While searching I came across a couple very interesting articles. First of all, an article entitled, Fannie Mae Eases Credit to Aid Mortgage Lending. This is no big deal until you get to the third paragraph which reads,

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

Yes, there you have it, even the New York Times pointing at least one finger at the Clinton Administration all the way back in 1999. For a really intriguing history of it all, check out How it All Came Crashing Down, an article written by Peter B. Gardner (BA ‘98, Brigham Young University).