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…
…If they [Fannie Mae] fail, the government will have to step up and bail them out…

So berichtet die New York Times am 30.September 1999 uber die Plaene von Fannie Mae, das Kreditgeschaeft auf die weniger kreditwuerdigen subprime Kunden auszudehnen und dabei die Zinsen nicht dem Risiko anzupassen.

Es folgt eine Betrachtung der ethnischen Zusammenseztung der Subprime-Kreditnehmer und erneut der Hinweis auf den staatlichen Markteingriff:

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

Nun ja, im Moment hilft die Zeche dieser Politik Clintons(w) Gegner Obama ins Amt.