So what changed? What changed is an aggressive campaign, conducted by progressive politicians and community activists, to force banks and financial institutions to lower their lending standards. This goes back to the early 1970s.3 Before that, progressives had focused their political energies in getting government money to build large housing projects for the poor. These projects, however, soon became dens of dilapidation, decay, and criminal activity. They symbolized the failure of the liberal welfare state.