http://en.wikipedia.org/wiki/Garn-St._Germain_Depository_Institutions_Act
The bill, whose full title was “An Act to revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans,” was a Reagan Administration initiative.
Actually the bill was the brainchild of Ferdie St Germain, a Rhode Island Democrat as sharp as he was crooked. It’s the fault of the Reagan people that they didn’t closely examine his bill.