Letting the Banks Off the Hook

This disturbing update on efforts to regulate banks and their predatory lending and foreclosure policies concludes that, without enforcement capability, the rush to publish the mostly voluntary regulations by the O.C.C. is primarily despite to undercut State AG actions that promised to be more aggressive. Joe Nocera, for the Times, wrote a lousy cover piece for the hydrofracking natural gas industry the other day that I protested in a letter but this is a solid piece.
http://www.nytimes.com/2011/04/19/opinion/19nocera.html?_r=1&ref=opinion