In this article on Bloomberg, it seems clear that the goverment is forcing banks to issue risky loans.
Is the government really being this stupid, or is there more to it that this article does not mention?
Edit: Clarify: The article seemed to show that the government was again trying to force banks to make risky loans. That sort of activity was one of the things many people pointed to as a cause of the meltdown. Can anyone could show that the gov't wasn't being as imprudent as the article seemed to indicate? Maybe someone could show me that the gov't was just telling them to go into low income or minority areas but still use sensible lending techniques.