Of course this is a plank in the Agenda 21 platform of leveling the wealth of Americans to a point below that of the developing world. In the world on the other side of the Looking Glass, making home ownership affordable for everyone in the US meant bankrupting them so that they would lose their homes. Using the tactic of saying one thing but doing the opposite, the public/private partnership of FNMA (Federal National Mortgage Association) made a fortune off of bilking small borrowers, investors, and government sponsors alike. Yes, FNMA is what is called a Government Sponsored Enterprise which means that it is given preferred treatment, reduced reserve requirements etc. and government financial guarantees in exchange for presumably making home ownership more affordable for Americans.
FNMA was a publicly traded company that went into conservatorship (government control) in 2008---after gross speculation on derivatives and the purchase of Countrywide Financial's subprime mortgages.
Gretchen Morgenson said something very important in this interview. She said that it was a situation in which you couldn't argue against the idea. That no one was against increased home ownership. It was like arguing against apple pie. 'The idea was OK,' she said, 'it was the execution that was disastrous.' This is a signature of UN Agenda 21. How can you be against clean air, public transportation, affordable housing, and protecting the beauty of the natural environment? The idea is OK but the execution--BY DESIGN--is disastrous. That is the point. The idea is the candy coating, the execution IS the desired outcome. As Joseph Conrad wrote in The Heart of Darkness: The horror.
You must know by now that every crisis we've seen (Stock Market, Housing Crash, Energy Cost Spike) has been engineered in accordance with UN Agenda 21. Gretchen Morgenson puts the blame on 'greed' but it's much more than that. Greed was used as the leverage for drawing these high level thieves into position to allow the markets to crash. As long as banks were guaranteed bailouts, individual CEOs were made wealthy, and regulators looked the other way, UN Agenda 21 could be implemented. Another way to look at this is to say that everything that did happen was meant to happen by your government. Inflated bubbles that were enabled and created by lack of government oversight points to your government as the source. What are the consequences? None. Bailouts, no jail time, no confiscated personal assets.
This is not a left/right issue. This was the sinking of our country, the devaluation of our land, the crash of our economy, and the systemic vulnerability that we recognize as the antidote to the "unsustainable affluence of Americans."
Now we are ripe for smartgrowth (apartments along transit corridors), public transportation (loss of individual mobility due to high costs), domestic spying (Community Oriented Policing programs), deep unemployment (willingness to do whatever it takes to feed ourselves), and loss of our basic freedoms.
Because in Communitarianism, the 'problem' is created, the 'solution' is the outcome that you never would have agreed to without the urgency of the problem. So the 'problem' is: not enough low income home ownership. The solution is: the housing crisis and financial system collapse. Except the financial system didn't collapse, did it? No. It got bailed out and the smaller players got absorbed into their larger rivals. And you're paying for it with double digit unemployment and total market uncertainty for the long term.
The Neo-Feudalism of UN Agenda 21/Sustainable Development is reviving serfdom as the condition of the future. If you let it.