Today, the O.C. Register takes a look at Ted Lieu's battles to reform mortgage lending. Familiar stuff for local Lieu-watchers, but it's interesting to see him get some broader attention.
Story includes the detail that Lieu brought chocolates to banking industry lobbyists (?), and this curious graf:
Did Nunez also want to punish Lieu for being too hard on the banks? That's hard to figure, since only a few months before Nunez co-authored Lieu's mortgage reform bill. But I suppose anything is possible.
Story includes the detail that Lieu brought chocolates to banking industry lobbyists (?), and this curious graf:
In one of the last acts of his speakership last year, Fabian Nunez ousted Hector De La Torre from the chairmanship of the Rules Committee. He tapped Lieu to replace him, moving Lieu over from Banking and Finance. There was bad blood between Nunez and De La Torre over an Assembly pension deal and De La Torre's failed bid for speaker.Lieu's repeated efforts to change lender behavior - he also authored a bill awaiting action by the governor that restricts use of subprime loans - have cost him. He lost his chairmanship of the banking committee and was not allowed even a seat on it.
Did Nunez also want to punish Lieu for being too hard on the banks? That's hard to figure, since only a few months before Nunez co-authored Lieu's mortgage reform bill. But I suppose anything is possible.
Lieu is running for attorney general.
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