...which would have given the banksters free reign to continue their fraudulent practices in the mortgage markets.
The memo is here.
The memorandum is both civil in tone and unequivocal in meaning. That's a first for any Democrat politician for decades. Remember, Bill (It depends upon what the meaning of the word 'is' is.) Clinton is a major hero to these folks.
Had Obama signed it into law, heaven only knows what may have resulted. Thanks to people like Karl Denninger who raise holy hell about this stuff on a daily basis.