Being in the biz, and I've got no problem with AG's going after predatory lenders because they give what is otherwise a good industry a black eye. But it had nothing to do with Bush, that's the Dem vs. Republican politics in place because these same loans were being made in the 90's, it's just that they held up because the market was gaining value ahead of the bad loans. Was he blaming Clinton for allowing bad loans to take place? No.
Spitzer was a pain to the mortgage industry, but not because of predatory lending, he went after a lot of good things that were taking place. He was casting nets and trying to place blame in areas of the industry that were not to blame. He created in NY what has happened in a lot of States, and that is NY has made it virtually impossible to lend money to low-income borrowers because the risk of making one that goes bad is too great via the gov't regulations he was imposing. NC has done the same thing in the past few years.
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