While the financial crisis developed over a number of years in the
subprime mortgage sector, federal regulators were asleep at the wheel
as greedy lenders often took advantage of working families. Worse,
when states tried to step in with new state policies to tighten
oversight of predatory lenders, federal officials blocked those state consumer protections, making the effects of the meltdown even worse for families.
With toxic toys flooding American markets and with corporate and
federal leaders doing little to address the crisis, it's time for
Connecticut to stand up with other states and say enough is enough. The
General Assembly will get a chance to do just that when the Act Banning
Children's Products Containing Lead, Phthalates, or Bisphenol-A comes
up for a vote. It should jump on the chance.