Oh...jeez, David, u ain’t jus’ stirrin’ the pot there brotha…………..

…this from MJG’s More on Elliot Spitzer post just south o here…

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‘Steering,’ sub-prime loans with usurious kickers, fake inducements to over-borrow, called ‘fraudulent conveyance’ or ‘predatory lending’ under US law, were almost completely forbidden in the olden days (Clinton Administration and earlier) by federal regulators and state laws as nothing more than fancy loan-sharking.

But when the Bush regime took over … the Bush regime took over … the Bush regime the Bush the Bush the Bush Bush Bush Bush Bush regime took over, Countrywide and its banking brethren were told to party hardy – it was OK now to steer’m, fake’m, charge’m and take’m.

But there was this annoying party-pooper. The Attorney General of New York, Eliot Spitzer, who sued these guys to a fare-thee-well. Or tried to.

Instead of regulating the banks that had run amok, Bush’s regulators went on the warpath against Spitzer and states attempting to stop predatory practices. Making an unprecedented use of the legal power of “federal pre-emption,” Bush-bots ordered the states to NOT enforce their consumer protection laws.

Indeed, the feds actually filed a lawsuit to block Spitzer’s investigation of ugly racial mortgage steering. Bush’s banking buddies were especially steamed that Spitzer hammered bank practices across the nation using New York State laws.

>>>>OH FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK>>>>

     ……… WORLD ……… OF ……… SHIT ……… when this goes on with impunity! .........

Oh, Man!