The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: The Duke of URL© who wrote (69)	7/5/2001 4:30:55 PM
From: Dave	Read Replies (1) of 306849

<<Deregulation of S&L’s was a BIG MISTAKE!!>> And it put the owners of s and ls in business with free money, at the taxpayers expense of course. I think you've just demonstrated that deregulation was not a mistake at all. That kind of free money doesn't just happen due to incompetence. It takes a lot of lobbying and government favors to orchestrate such a large-scale transfer of wealth from taxpayers to Texas bigshots. Does anybody remember the Bush family's front-line role in that wealth transfer? Now, due in part to money and power derived from that massive wealth transfer, Texas powermongers have bought their way even further into the White House and into our pockets. In just the last year or so, Texas power companies have transferred over six billion dollars of wealth from California's taxpayer pockets into their own, with no end in sight, and with smug White House approval. The Texan money machine may be the only place where any real wealth is left after the coming recession. And that's a frightening prospect. Dave

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