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Law Practice

May 14, 2009

BERG: A Bush Legacy of Lax Enforcement Let Mortgage Meltdown Mushroom

In the second of a four-part series on America's mortgage crisis, columnist Martin Berg tracks the Bush administration's legacy of lax enforcement.

One of the most damaging legacies of the Bush era's dismissive approach to regulation and enforcement has been federal authorities' limp response to the mortgage meltdown.

Nearly a year ago, the former president's attorney general, Michael Mukasey, announced the administration wouldn't be forming a national task force to investigate mortgage fraud, because the problem was a localized one more like "white-collar street crimes."

Mukasey said at the time: "There wi...

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