Here is the real scandal of the subprime bubble that tanked Wall Street last week-- and is why 2.2 mllion subprime borrower face foreclosure on their homes.

State governments actually passed a range of anti-predatory lending laws to stop ripoffs by subprime lenders, but as we discuss over at Progress States today, Bush's White House legally worked to shut down many of those state efforts. More below the fold:

Read more »