Time frame: Late 1990's
Problem: Poor people can't afford big expensive houses. Greedy bankers are mean and won't lend money to people who have no income. They might even be racist!
Government fix: Tell mean greedy bankers to stop being so stingy. Everyone deserves a house to live in. Everyone ought to have a house. And not some cheap house 'neither.
Read this press report from 30 Sep 99. Makes you feel all warm and fuzzy knowing the government helped us all buy homes. The future was bright!
What could possibly go wrong?
Problem: Poor people can't afford big expensive houses. Greedy bankers are mean and won't lend money to people who have no income. They might even be racist!
Government fix: Tell mean greedy bankers to stop being so stingy. Everyone deserves a house to live in. Everyone ought to have a house. And not some cheap house 'neither.
Read this press report from 30 Sep 99. Makes you feel all warm and fuzzy knowing the government helped us all buy homes. The future was bright!
What could possibly go wrong?
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