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10-01-2008, 06:15 PM #1
- Join Date
- Jan 1970
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Add "Hold Rove in Contempt" to Your Bailout Calls
Both parties are showing their true colors - green. While they pretend to be opposed to each other with their heads, look below the neck and you'll see one side wrestling down the hog while the other gets ready to cut its throat. This is the same bunch which suddenly gets "bipartisan" when it's time to push for a bigger version of NAFTA and shoots spit-wads at each other the rest of the time.
Being honest is a hazardous occupation up there. Republican AG Eliot Spitzer got set-up with a hooker, but at least he was spending his own money. Spitzer says:
Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.
What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no.
Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
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