The policies and practices that led to the financial meltdown in 2008.
That would be the Policies of Clinton, who in 1995 through Executive Order lowered long held Standards on the GSEs for Capital Requirements AND placed them under HUD regulatory control to purchase an increasing number of sub-prime loans.
In 1997 Fannie Mae securitized its first sub-prime loan.
From 1993 - 1998 Clinton replaced all of the executives at Fannie Mae and Freddie Mac including the Democrat Criminal Franklin Raines who mis-reported billions in profit to meet executuve bonus targets AND who created a corrupt partnership with the CEO of CountryWide to purchase over 70% of their crap loans.
The 1995 Homeownership Stratrgy also increased pressure on lenders to lower their standards and comply with CRA "test" .
In 2000 Andrew Cuomo, the Secretary of HUD pledged 2 TRILLION for the purchase of " affordable mortgages"....the idiot Lib Bush blamers have him a Govenorship for his corruption.
By 2008 Fannie and Freddie held over 5 TRILLION in Sub-Prime, Alt-A and low down payment loans or held MBSs that were backed bu Sub-Prime Loans.
Fannie Held 1.7 Tlion in CRA loans.....it's now sitting on the books of our Treasury as toxic debt.
Bush from 2001 - 2007 tried to reign in the ever increasing corrupt GSEs with the Democrats fighting him with letters, obfuscation and charges of racism.
Fannie's Regulator in 2004 warned Democrats of their massive size and low Capital Requirement. The Democrats ignored them and continuedbto fight off any new regulation that would dlow them down.
In 2005 a Bill was sent to through Comittee that would have walked back the collapse, and placed Fannie and Freddie under a strict regulatory board.
The Republicand had 55 votes in the Senate and the Democrats threatened to Fillibuster it so, it never got a vote.
It was re-introduced in 2007 in a Democrat chaired comittee but of-course,never left comittee.
So yes, what the Democrats did to this Country was almost criminal, claiming " discrimination " and " redlining " and bullying lending institutions into lowering standards that had been in place for decades, that prevented a Sub-Prime bubble.
Clinton appointing criminals to run the GSEs like Franklin Raines, and Jamie Gorelick, who in 2000 at a banking Conference asked banks to sell Fannie their toxic loans.
" We want to buy your CRA loans because it helps us meet our HomeOwnership Goals " ....HUD Quota for Fannie in 2000 was 50% of all loans purchased had to be sub-prime....." We will buy them from your portfolios and turn them into Securities."
Fannie poisoned the market with toxic securities long before they were created and traded by private banks. In 2004 Freddie OWNED 40% of all Private MBSs.
If " redlining " was about denying people loans based soley on the color of their skin, why did they have to lower lending standards to fight it ?