How was FNM and FRE...

Forced by the Clinton administration to insure these bad mortgages? I hear people say it started in the late 90s when Clinton wanted more low income families to own homes. Can someone explain to me how the government can force a company to do something like this?
 
Quote from cubical:

Forced by the Clinton administration to insure these bad mortgages? I hear people say it started in the late 90s when Clinton wanted more low income families to own homes. Can someone explain to me how the government can force a company to do something like this?

They aren't private companies: they're GSEs. Even wikipedia can explain this one to you.
 
Back
Top