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Politics : PRESIDENT GEORGE W. BUSH
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To: Les H who wrote (53316)10/27/2000 2:55:01 PM
From: American Spirit  Read Replies (3) of 769670
 
I know ALL about the history of the S+L debacle.
I know what the problems were but Reagan's Garn-St germaine Act which removed all regulations and allowed the pigs to run to the public troughs was hardly a responsible solution. Nor was the latter Reagan Adm,. and Bush Adm, cover-up and refusal to act and stem the enormous losses. In fact it cost us all (yes government debt is OUR debt contrary to what Republicans think) a trillion bucks which we will be paying off for a long-long-long time. No wonder Bush had to rbeak his pledge and raise taxes, just to BEGIN paying off the enormous debt they'd created. I have spent MONTHS researching this particular issue including interviewing bankers, examienrs and regulators so don't try talking down to me Mister (Fiscally Un-) Conservative.
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