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Tuesday, March 11, 2008

And it was clear

So, who did Eliot Spitzer piss off enough for them to start reeling him into what has become the best way to be the most reviled person of the week. Well, as far as I can tell it's the George Bushmeister. I initially thought it was because in 2002 Spitzer went after the administration regarding the negation of the Clean Air Act. But with a little more Woodward and Bernstein up my sleeve. I found the real and most potent inducement. Bush not only allowed Predatory lenders to bring us into this fine mess of a mortgage crisis, he and his band of merry men invoked an" obscure clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. "
To no avail; thus the crisis we are currently experiencing was being aggressively researched and investigated, by you guessed it The prostitutional Mr. Spitzer. So, that's why we know today, in the midst of an investigation, lest someone else think of going after our leader; Spitzer is just fodder and a warning shot.

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