Thank God for Saint Charles "Chuck" Schumer! Just as St. Patrick drove the snakes out of Ireland, Chuck is going to drive out the nasty "rogue mortgage lenders". How will he do this? Of course by interfering in the market for subprime mortgages.You see, those nasty people have been able to operate with "little oversight from federal regulators". Nevermind the fact that the Constitution (Hey St. Chuck, remember the Constitution? You swore an oath to obey it.) denies federal regulators the power to do anything about mortgages.
It's almost as if Chuck never read the Constitution. It's almost as if Chuck doesn't realize that the state whom he represents is the responsible party here. Hey Chuck, remember New York? You're supposed to be representing us, not taking away the power from our state legislators (we voted for them, too). But I guess that a guy who needs to get re-elected doesn't need to care about the little nicities like the Constitution.