Read this archived NY Times article from 1999 to understand who gets big credit for the mortgage crisis that has caused our current financial mess. The tell-tale paragraph reads:

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 and felt pressure from stock holders to maintain its phenomenal growth in profits.

This is the NY Times, who would have been proud of the Clinton Administration at this point.