Is repeating this a good idea?? During the Clinton administration the Democrats promoted a policy of anyone who wanted to own a home should be given a loan, and Fannie Mae and Freddie Mac loosened borrowing rules. Also, Clinton signed a bipartisan bill than decreased banking regulations. Fast forward a few years and large numbers of subprime borrowers were defaulting on home loans, leading to the great recession in 2008. Americans work hard for their credit scores and giving those with lower scores the same advantage makes absolutely zero sense.