will spitzer resign as a result?
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So you think the Feds didn't set Spitzer up?
“For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
1. 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.
But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.
Throughout our battles with the OCC and the banks, the mantra of the banks and their defenders was that efforts to curb predatory lending would deny access to credit to the very consumers the states were trying to protect. But the curbs we sought on predatory and unfair lending would have in no way jeopardized access to the legitimate credit market for appropriately priced loans.”
From:
The Washington Post, Thursday, February 14, 2008; A25
Predatory Lenders’ Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers
By Eliot Spitzer
Don't screw with the powers that be.
“For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.
1. 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.
But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.
Throughout our battles with the OCC and the banks, the mantra of the banks and their defenders was that efforts to curb predatory lending would deny access to credit to the very consumers the states were trying to protect. But the curbs we sought on predatory and unfair lending would have in no way jeopardized access to the legitimate credit market for appropriately priced loans.”
From:
The Washington Post, Thursday, February 14, 2008; A25
Predatory Lenders’ Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers
By Eliot Spitzer
Don't screw with the powers that be.
Hey! The guy could also desert the Air National Guard and still run for President! All he has to do is become a Republican and find Jesus while he's snorting the blow off a hooker's ass, mend his ways and claim to be repentant, and refuse to talk about it anymore and he'll make a great Pres!
Maybe this one will invade Antarctica! (He is blind you know!)
I say Eliot Spitzer doesn't resign. He should fight to keep his job. If she were ugly then I'd say poor judgment........DONE, FINISHED.
Hey! The guy could also desert the Air National Guard and still run for President! All he has to do is become a Republican and find Jesus while he's snorting the blow off a hooker's ass, mend his ways and claim to be repentant, and refuse to talk about it anymore and he'll make a great Pres!
Maybe this one will invade Antarctica! (He is blind you know!)
Other Canadian comics: Dan Aykroyd, John Candy, Phil Hartman, Tom Green, Eugene Levy etc.. It's a long list.
Dude, its kind of like closing the zipper after the rim job has been shown on TV (if you get my anal-ogy) Spitzer has already resigned, the other guy has already been sworn in and started his own scandals - a little too late to pay the genie to go back into her bottle!
You forgot: Jim Carrey, Pam Anderson and Conrad Black (he was just joking about those kickbacks!):wink:
so, apparently other playmates of the guv's are being, errr, uncovered:
http://www.huffingtonpost.com/2008/03/27/report-eliot-spitzer-lin_n_93652.html
http://www.huffingtonpost.com/2008/03/27/report-eliot-spitzer-lin_n_93652.html
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