> The Rep line is ugly, but there is a grain of truth
> to it in that Clinton & Co. encouraged subprime
> lending as a low-income housing policy. It was a
> market-friendly substitute for spending actual money
> on public housing and rent subsidies.
How much blame goes to them for the gutting of lending standards? My impression was that the primary rationale for slashing standards was to jack-up the volume of mortgages.
Shane