PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: jlallen who wrote (7602)	10/13/1999 10:59:00 AM
From: TigerPaw	Read Replies (1) of 769667

that depends on how you define better I suppose it always comes down to how each person is affected by the policies in place. The thing I remember most in my financial life during the Reagan years was all the bank closings. I had about 1/3 of my retirement in REIT partnerships, they were all wiped out. I had one bank that changed 7 times. The last time it closed down for good and they transfered my funds to a bank clear across the city from where I live. We ended up with 3 different bank accounts because everytime a bank was closed it took several days before you could access your money (it was all insured but suddenly you had to go get new checks and other hassles). We finally ended up with all our banking in a credit union (which is still our main checking account). I contrast to my most vivid financial memory of the Clinton years which was the night my wife and I dressed up to go to the best restaurant in town to celebrate the first time our quarterly statements added to over a million dollars. I for one do not look forward to any more "supply side" economics. TP

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