Upside Down Mortgage

Subprime Prices

Question: When Did Obama Stop Pushing For Subprime Loans For Poor People?

Was it after Fall 2006 when home prices stumbled?
Giving loans to people that could not afford homes created the housing bubble (which is now collapsing). The housing bubble started in the mid-1990's when Clinton started pushing for homeownership via ARM's, subprimes, etc..
U.S. Federal Reserve

http://www.frbsf.org/publications/economics/letter/2006/el2006-30a.gif

Answer: hmm, did he actually stop?

I am sure they put it on hold for a moment but give it time, they will go back to more of the SAME soon enough! Once they figure out we are dumb enough to bail them out of their mistakes once again. (this goes for all of them!)

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