Is More Debt the Key to the American Dream?

Some lawmakers think that the way to the American Dream is to load up on more debt at the top of the housing cycle.

Consider H.R. 898, the Credit Score Competition Act introduced into Congress by three Congressional Representatives. It would direct Fannie Mae and Freddie Mac, the two government sponsored entities (GSEs) that guarantee 90% of the mortgage loans in the United States, to lower credit standards for mortgage loans.