Eliot's Mess

In a recent article, columnist Greg Palast draws a link between the recent FBI "take down" of now former New York Governor Eliot Spitzer, Spitzer's recent assault against the Bush Administration and subprime mortgage lenders in an attempt to halt predatory lending practices, and the Federal Reserve bailout of Bear Stearns.

For more, see Eliot’s Mess (The $200 billion bail-out for predator banks and Spitzer charges are intimately linked).

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For commentary by conservative/libertarian commentator Ben Stein on the take down of Gov. Spitzer, airing last Sunday on the CBS News' Sunday Morning program, see Elections More Important Than Call Girls (Ben Stein Says The Feds Driving A Governor Out Of Office Is A Scary Thing) (read commentary) (watch video).

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For the February 14, 2008 article in The Washington Post by the now former New York Governor Spitzer (which coincidentally, was published the day after his recent indiscretion that has garnered much publicity), in which he scorches the Bush Administration on predatory lending, see Predatory Lenders' Partner in Crime (How the Bush Administration Stopped the States From Stepping In to Help Consumers).

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For a Wall Street Journal article on investigatory turf battles Federal and state law enforcement authorities have been having in the area of fraud investigations, see Tensions Rise in Lending Probes (subscription may be required - if no subscription, go here).