New York's Governor, Elliot Spitzer, made a statement Thursday saying that the Bush Administration and the US Office of the Comptroller of the Currency were to blame for the lending crisis that is currently going on in the United States.
Spitzer stated that, while he was Attorney General of New York, he joined forces with 49 other states to try to stave off the "looming crisis" only to be blocked by the OCC and a clause from the 1863 National Bank Act.
Spitzer also noted that when he initiated an investigation to look into the lending practices, the OCC, using the aforementioned act, filed a lawsuit to force Spitzer to stop the investigation.