I object to calling this scheme “affordable housing”. It was encouraging risky loans that normal lending standards would not permit.
The bubble during that period actually made homes less affordable as prices inflated. Course there is no doubt that the foreclosed homes are now imminently affordable. Somehow, I don't think that is what most Americans have in mind when they hear this term.
Indeed. We went with Romney's own terminology. Hopefully, voters will realize what was really going on in MA.