There were similar circumstances surrounding the downfall of New York Governor Eliot Spitzer. A federal investigation into suspicious money transfers led to the discovery of Spitzer's involvement with a high-class prostitution ring. But this was not made public until after he wrote this in a Washington Post op-ed piece:
- When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers.
Personally, I would love to see more corrupt state and local politicians investigated and brought down, but that isn't the job of the federal government. I just think we Americans need to pay more attention. You can bet that the feds have something on just about every high-profile politician, but as long as they play ball they don't have to worry about being exposed. It's only when they dare to step out of line that they will feel the wrath of the most corrupt organization in the "free" world.
Labels: Government Corruption
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