Changes

===Budget===

===Budget===

[[Fannie_Mae#Franklin_Raines_era|Franklin Raines]], Vice Chairman of Fannie Mae, was appointed by Clinton as Director of the the [[Office of Management and Budget]] (OMB) in 1996; in 1999, he returned to Fannie Mae as CEO. One of his first acts was to lower Fannie Mae's underwriting guidelines and begin purchasing subprime mortgages under the Community Reinvestment Act.<ref>[http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html Fannie Mae Eases Credit To Aid Mortgage Lending,] Steven A. Holmes, ''New York Times'', September 30, 1999.</ref>  Raines was named (along with Bill Clinton) by ''[[Time magazine]]'' on it's list of ''25 People to Blame for the [[Financial Crisis of 2008]]''.<ref>[http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877335,00.html The good intentions, bad managers and greed : behind the meltdown, Blameworthy : Frank Raines], ''Time magazine''. </ref>

[[Fannie_Mae#Franklin_Raines_era|Franklin Raines]], Vice Chairman of Fannie Mae, was appointed by Clinton as Director of the the [[Office of Management and Budget]] (OMB) in 1996; in 1999, he returned to Fannie Mae as CEO. One of his first acts was to lower Fannie Mae's underwriting guidelines and begin purchasing subprime mortgages under the Community Reinvestment Act.<ref>[http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html Fannie Mae Eases Credit To Aid Mortgage Lending,] Steven A. Holmes, ''New York Times'', September 30, 1999.</ref>  Raines was named (along with Bill Clinton) by ''[[Time magazine]]'' on it's list of ''25 People to Blame for the [[Financial Crisis of 2008]]''.<ref>[http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877335,00.html The good intentions, bad managers and greed : behind the meltdown, Blameworthy : Frank Raines], ''Time magazine''. </ref>

===Long-Term Capital Management===

===Long-Term Capital Management===