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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (2437)	10/14/2000 12:49:36 PM
From: American Spirit	Read Replies (1) \| Respond to of 10042

I have already said that some Dems including Wright went along with this S+L deregulation. But the Reagan administration was in charge and were clearly the ones who championed it and put it on the table. Read "The Greatest Ever Bank Robbery" or any othre bok on the subject and you'll see. There is no mention of any Carter administration involvement thougg he did have Bert Lance and a few other profiteers feeing at the trough. In the Reagan administration almost everyone around him was feeding at that trough. Sweetheart deals were handed out like bumper stickers. Also Wright though Democrat was a Texan and it was in Texas particularly where the scheme was hatched. The Dixiecrats were involved byt in the minority. Most of the S+L rip-off artists were closely alligned with and giving tons of money to the RNC. Donald Regan was their conduit to Reagan, a man who should have been minding the store but didn't seem to care. The most heinous damage was done in Texas followed by California and Florida. There was also the Silverado mess in Denver with Neil Bush on the board. Neil like his brother GW accepted a sweetheart deal while daddy was in power. GW got his from oil investors and then the Texas Rangers ownership position, both of which he got for free basically. He lost all the investors money, some 400 million, while selling his shares a month before the bad enws came out and the company went under. In Texas almost every S+L was belly-up within four years. That's how fast and violent the abuses were. The bail-out tab was then sent to the tax-payers. Nothing was done about it until late in the Bush administration years later. The Republicans were clearly in charge of White House and Congress and were the ones to push the Garns-St-Germaine bill through in the first place and champion it as an example of their "smaller government" philosophy towards the banking business. They may not have seen it coming but the Republicans no doubt deserve by far the majority of the blame. Again the reason this is relevant is that once again a Texas based business cabal is trying to take too much control of our government. I'm not saying Texans are evil people, they aren't, but their get-rich-quick at the expense of tax-payers philosophy is ingrained. if thre is any doubt just look at the personal records of Bush and Cheney. That alone will tell you where their real values lie.