Bruce is correct. Clinton wanted everybody in the US to own a house. This is where the low doc loans were born. Everybody needs to take responsibility for the mess the financial world is in. Nobody held a gun to their head and made them take out a loan. Clinton was a naive but not as young and naive as his Australian counter part. Hate to compare apples with apples because Clinton had his heart in the right place. Power/control under the union banner is the go here in Australia.
