Fannie Mae-No Politics (FNMA)

[Glossy]

As i remember. The cause of all the problem in the 2008 crash was when Bill Clinton enforced his social housing policies. He enforced "new" flexible mortgage guidelines to boost low income and minority ownership. Which means, banks or lenders are forced to lend to people who are not even qualified to buy a house. After 5 years this was implemented, problems started to come out. Millions who were unqualified who were approved are not able to pay for their mortgage and started defaulting and walked out. This has caused the market crash in the 2008. I think The Big Short movie kinda showed this.