Living in New York, Cyrus may have some comment on this particular writer,
but I'm of the opinion that, regardless of party affiliation, there's ample
evidence over the past few years to make this op-ed piece entirely
believable.

Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help
Consumers

By Eliot Spitzer
Thursday, February 14, 2008; A25

Several years ago, state attorneys general and others involved in consumer
protection began to notice a marked increase in a range of predatory lending
practices by mortgage lenders. Some were misrepresenting the terms of loans,
making loans without regard to consumers' ability to repay, making loans
with deceptive "teaser" rates that later ballooned astronomically, packing
loans with undisclosed charges and fees, or even paying illegal kickbacks.
These and other practices, we noticed, were having a devastating effect on
home buyers. In addition, the widespread nature of these practices, if left
unchecked, threatened our financial markets.

On 2008-02-16 09:43:15 -0600, "Olin" comcast.net> said:

That's the Republican way. Everyone for himself, personal
responsibility, no health insurance.

I think our friend Pinky Valentine was partly complicit in this mess,
one of his biggest advertisers was Prime Mortgage and Pinks was always
hawking some kind of special deal to his below average listeners.

Who probably mortgaged their houses to buy more die-a-munds.

http://www.primemort.com/meetourstaff.html

Lard, have mercy.

On Feb 16, 11:11�am, Boston Blackie (http://tinyurl.com/ynshz6)
mail.com> wrote:

*Lard,* indeed~!
Shoulda named it, "Three Hippos"~!
: ) Lala

On Feb 16, 9:43�am, "Olin" comcast.net> wrote:

On Feb 16, 9:43�am, "Olin" comcast.net> wrote:

"MrWonderful" aol.com> wrote in message
news:86b126c4-f694-459b-84d3-97f11f2a69cb@c33g2000hsd.googlegroups.com...
On Feb 16, 9:43�am, "Olin" comcast.net> wrote:

"Boston Blackie (http://tinyurl.com/ynshz6)" mail.com> wrote in
message news:2008021611110475249-bblackie@mailcom...

Yep, and they all bought into the debtors are all deadbeats who are gonna
ruin the country argument, when legitimate research into the credit card
industry shows they have about a 2 percent default rate in the very worst of
times. So now, individuals essentially can't apply for bankruptcy
protection, while businesses can continue to gobble one another up like
cheap pork and immediately file bankruptcy to avoid the debt they just
BOUGHT!

"MrWonderful" aol.com> wrote in message

Also, it all goes back to the bushit Federal Reserve's easy money
policy, and extends to auto loans as well as housing.

Rather than allow modest economic growth or even decline, the supply
side crap causes bankruptcy, just as it did under Reagan~!

-0-

Yes. I know. I'm one of the victims of Reagan's voodoo economic (Shrub's
daddy had it right when he called it such while running against Reagan).
Those policies helped to cause a four-pronged collapse of the Texas economy.
Oil, banking, real estate and agriculture all pretty much went belly up and
it got to where you couldn't swing a dead cat without somebody filing for
bankruptcy getting fur in their mouth.

Neither proud nor ashamed to admit, I was one of them.

And Reagan's answer was to prop up the savings and loan industry, a bunch
that had long outlived its purpose, and then starting the ball rolling for
branch banking which gave NCNB (North Carolina National Bank, but also
referred to as No Cash No Body) to start hauling Texas money out of state by
the truck loads with all the failed banks and S&Ls they bought up for
something like ten cents on the dollar.

On Feb 16, 2:20�pm, "Olin" comcast.net> wrote:

"MrWonderful" aol.com> wrote in message

Yes, NCNB came out of nowhere to be a short-lived player, but they
were absorbed into nothing, merely brief transaction existence
opportunists also resulting from voodoo-Reaganomics.

-0-

Actually, they're still very much around, though I don't any longer recall
what name they're using this week. Bunch of mergers took place, but I
believe they were, in large part, doing the swallowing, not the other way
around.

Which is an appropriate image... the public getting a mass hummer while the
thieves are searching for the wallet.

It's almost like a nationwide pigeon drop street scam.

For those who've forgotten that terminology, think email proclaiming to need
your help to get at a huge fortune that some African government is trying to
steal. You give aid and assistance in the form of access to a bank account,
and you'll get the "finder's fee."