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How the Bush Administration Stopped the States From Stepping In to Help Consumers
Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers.
Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
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If the Bush administration can do so much so quickly for the speculators and potential criminals at Bear Stearns who helped drive the crisis, why couldn't minor modifications to bankruptcy law that would aid so many working families be passed as quickly?