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.
Last month, Colleen Fagan was observing an immigration enforcement operation at an apartment complex in Portland,...
The gold medal-winning U.S. women’s hockey team turned down Donald Trump’s invitation to his State of...
New Utah voting districts that give Democrats an improved shot at winning a US House seat...
