Obama: Lenders Must Give Borrowers Affordable Terms

Obama's latest pet project, the Consumer Financial Protection Agency, will allow the government to repeat the catalysts for today's financial crisis - to force lenders to give credit to those who don't deserve it. From the Obama AP:

The Consumer Financial Protection Agency would take over oversight of mortgages, requiring that lenders give customers the option of "plain vanilla" plans with clear and affordable terms.

So what will happen if lenders are not giving affordable enough mortgages to people? My guess is that Obama will threaten that institution with government takeover if they don't do as the government asks. It's the Obama way.