On Tue, 16 Sep 2008 16:00:44 -0700, Gordon wrote:

For years people have been whining that they couldn't buy houses
because they didn't have good enough jobs, if they had jobs at all. So
credit requirements were loosened and loosened by our illustrious
govmint so ALL could buy houses. So much for socialism.

The government does not set credit standards for lending, at least not
in the US.