Federal regulators in the Bush administration blocked attempts by state governments to prevent predatory lending practices that resulted in the financial crisis now stalking the American economy, a new study from the University of North Carolina says.
In 2004, the Office of the Currency Comptroller, an obscure regulatory agency tasked with ensuring the fiscal soundness of America's banks, invoked an 1863 law to give itself the power to override state laws against predatory lending. The OCC told states they could not enforce predatory-lending laws, and all banks would be subject only to less-strict federal laws.
TVNL Comment: The Bush/Cheney administration used every possible loophole or legal technicality to absolutely destroy this nation and the world.
With two days to go before the next big test of Donald Trump’s iron grip over...
Republican congresswoman Lauren Boebert suggested that Donald Trump blocked funds for a clean drinking water project...
Donald Trump may agree to drop his massive $10bn lawsuit against the Internal Revenue Service in...
