The POTUS is correct in his analysis. Part of what cause the economic crisis was predatory lending-subprime mortgages is predatory in its spirit. I don't see why the President does not scare the bejesus out of these lawmakers by saying he will use his Executive Order authority to ensure that automakers comply by heaving a severe penalty, but why the automaker would want to make more unstable financial conditions on the American public does not sit well with me it would clearly demonstrate that they have no honor amongst thieves: LOL, simply do what is right credit wise...and above all stop using credit scores in employment decisions should be a Presidenital posture!See MoreObama urges oversight of auto lending
Two Democratic senators and the wife of Gen. David Petraeus urged Congress to reject efforts to exempt auto dealers from oversight from a new consumer watchdog agency.
www.detnews.com
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