Saturday, February 16, 2008

Bush and Predatory Lending

Eliot Spitzer links Bush to the banking industry's predatory lending practices.

WaPo: Predatory Lenders' Partner in Crime - How the Bush Administration Stopped the States From Stepping In to Help Consumers
Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.

No comments: