Fox Business News Spitzer

Spitzer is right. He tried to go after subprime and was blocked(OCC went after him, just like years earlier others went after Brooksley Born). He's right about AIG too. He's right about Greenspan and Geithner. The prostitution charges do not change that.

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html

Maybe this is why they went after Spitzer...

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

In 2003, during the height of the predatory lending crisis, the OCC invoked a 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.

Oct. 12 (Bloomberg) -- A U.S. judge stopped New York Attorney General Eliot Spitzer from investigating whether residential lending practices are discriminatory at national banks, including Citigroup Inc., JPMorgan Chase & Co. and HSBC Bank USA.

U.S. District Judge Sidney H. Stein today issued an order that blocks Spitzer from demanding information from the banks and from suing them to enforce state fair lending laws. The decision comes in a suit filed by the Office of the Comptroller of the Currency, which claims it has exclusive authority to regulate nationally chartered banks.

``This is a big legal victory for Citigroup, Wells Fargo, HSBC and JPMorgan Chase,'' Jaret Seiberg, an analyst with Stanford Washington Research Group, wrote in a note to clients today. ``These four banks no longer must worry that Spitzer will try to force them into fair-lending settlements.''

The decision stops Spitzer's investigation, which began earlier this year, and may discourage other attorneys general from trying to enforce their own states' laws against national banks.

How come if it is posted in the Anything category it doesn't show up on the first page?

Admin can you fix this?