ShortNews
+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums Chat | 13 Users Online   
   
                 11/21/2009 07:53 PM  
  ShortNews Search
search all Channels
RSS feeds
   Top News Economy
Fox News Accused of Running Deceptive Videos Twice in One Week
Team Drilling for Whisky in Antarctica
Whistleblower: IEA Deliberately Underplaying Looming Oil Shortage
Employer Tries to Get Worker´s Attention by ´Nudging´ Him With a Backhoe, Sends the Worker to Hospital
£1 Million Worth of Fake Cigarettes Seized, Found to Contain Rabbit Poop Instead of Tobacco
Study: Newspaper Readership Remains Healthy in U.S.
Fed to Banks: Lighten up on Fees
A Dozen Children Have Their Fingertips Amputated in Strollers, Spurs Recall
Man Helps People to Find a Job Via Networking
New Unemployment Claims Take Unexpected Drop in U.S.
more News
out of this Channel...
  1.190 Visits   1 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
02/16/2008 05:35 AM ID: 68517 Permalink   

New York Governor Says Bush Administration to Blame for Lending Crisis

 

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.

 
  Source: www.washingtonpost.com  
  WebReporter: elderban99 Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  5 Comments
  
  Screw the dollar  
 
And make the people beg for the Amero.
 
 by: Daniel2508     02/16/2008 12:12 PM     
  @Wikipedia Jerks  
 
'No current members of any country's government have stated a desire to implement a "North American Union".'

http://en.wikipedia.org/
The last sentence of the opening statement on that page is a huge lie. I have modified it many times only to have it changed right back.

There is a huge effort within the US, Canadian and Mexican business communities to institute such a system as it will make them even richer. However we are told it is a "Conspiracy Theory" and to pay no attention to the nuts that claim it is coming.

I would like to point out that Vicente Fox (Mexicos last President) went on Larry King and the Daily Show touting an North American Union and advocating a single currency. Normally I like wikipedia but in matters of politics it can be very wrong. Not just opinionated but factually incorrect.

I expect the Bush admin has been trying to collapse the US economy on purpose to build such a union. However I do not think they want a 1929. I think they want to ease us into this and make it as painless as possible. However their actions on the other hand seem to be very negligent and show that we might be facing another 1929 if things keep sliding down this slippery slope.

The next admin will probably further this goal as well. Especially if the next admin is headed by McCain.
 
 by: slavefortheman     02/16/2008 04:25 PM     
  no one will join a union  
 
this crazy internet story will go nowhere.canada will never join and mexico would never give up there country for anything.who cares what companys want.they pillage other countries and leave when things get hot.fingers are pointing at bush and im sure they are right....
 
 by: flukemol   02/18/2008 05:28 AM     
  Well i'm no expert...  
 
on the economy but if the US,Mexico and Canada did for some reason join, wouldn't that effectively eliminate any advantage the Mexican economy has with cheap labour?

Not to mention all three countries policies seem to be very different. I would sooner expect the Middle East to unite in a giant federation before North America.
 
 by: tiggyfiggy   02/18/2008 07:21 AM     
  Back on topic  
 
To paraphrase the NYG

"People are stupid and I must make decisions for them"

Whats a predatory lender?
How does that work?

My loan was quite simple, I received a contract that explained what payments would be, and what the bits that could change were expected to be.

Had they not have said,
Your fixed payment is X amount for 5 years, you also have a variable componant of £x which is currently at this interest rate, but this can change.
In Five years, all of your mortgage moves over to to the variable rate.
You can remortgage at any time but their are fees if you remortgage before X date.

ect ect ect.
This was literaly one sheet of paper, had this not been presented, I would have asked for it, if they hadnt given it, I would have gone elsewhere.

Not that complicated, I dont see how a mortgage lender could chase me down and make me borrow $750,000 to buy three apartments.
 
 by: AnsweringQuestions     02/18/2008 12:38 PM     
 
 
Copyright ©2009 ShortNews GmbH & Co. KG, Contact: info@shortnews.com