KOs on Bushco's motley rules

[malaise]

He mentioned the law Spitzer wrote about on February 14th 2008 - re predatory lending in states.
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783_pf.html
<snip>

Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. 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.

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.

[G_j]

1. KO is in the groove

& pointing out those who are still making policy

[malaise]

2. Very important

:hi:

[G_j]

3. I appreciate the way he holds Obama accountable

while acknowledging the positive.
Just because O is not B, doesn't mean we don't need to pay attention,
especially anyone who is progressive.
:hi: