Lending crackdown angers both sides Supporters and opponents alike are unhappy with measure

After five months of contentious negotiations between powerfulinterests, Mayor Daley's watered-down crackdown on predatory lendingcleared a key hurdle Thursday but ended up pleasing no one.

"If the bankers don't like it and the (housing) advocates don'tlike it, there must be something OK with it. If one or the other weresatisfied, there'd be something wrong," said City Council FinanceCommittee Chairman Edward M. Burke (14th).

The committee agreed to make Chicago the first city in the nationto take aim at unscrupulous lending practices that have sentforeclosure rates soaring in many neighborhoods.

But not before Chicago aldermen joined the laundry list …