catscradle

So I happened across this article in the Washington Post, which I found rather fascinating:

Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers

By Eliot Spitzer
Thursday, February 14, 2008; A25

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.

Yes, it's that Spitzer. And it's one hell of an article despite the fact that he's a dipshit. Dude, when you're going after the freaken President of the United States, try not to have a skeleton the size of Paul Bunyan and his oxe Babe in your closet, 'k.

When the Spitzer story first broke, it was a bit of a shock because no one was investigating the man. They just "happened" across the information. Well, now you have a better clue as to why. Thanks man, I hope she was worth it.

This is further evidence that only the insane get into politics.