Eliot Spitzer Editorial on the Mortgage Crisis, and Bush's House of Cards

I heard Thom Hartmann read part of this little article today about the mortgage crisis and I found it hard to maintain my equilibrium. I knew part of this story. I knew that a lot of people were worried about all the crazy loans and the housing bubble and this and that. I just didn't realize that Bush can add to his resume that he actually stopped the states from protecting their citizens against predatory lenders. Unbelievable. And a few days ago he stood before us like this (check out Bush, coming in at about 2:40 into the clip):



In the Spitzer article, published shortly before he was taken down in the prostitution scandal, he said this (from the Washington Post, February 14, 2008): [In the face of predatory lending] "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."

Using a law dating from the civil war, the Bush administration derailed efforts by many state attorneys general and several state legislatures to protect consumers from predatory lending. The article is short, but stunning. I mean, I knew the Bushies didn't do anything to help, and I knew their lax policies had helped the crisis grow. I just didn't know that they actively prevented consumer protection. It's enough to make you sick to your stomach. Is this why Spitzer was taken down?

The whole article is here:
Washington Post article by Eliot Spitzer
Project Censored article: Bush's Real Problem with Eliot Spitzer