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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (24595)	8/26/1998 1:19:00 AM
From: Krowbar	Read Replies (1) \| Respond to of 108807

I remember the time very well. Reagan was very popular at the time, and was the main cheerleader for the S&L deregulation. To be against him was to be against "renewed prosperity". The members of the Banking committee were stupid to be coerced into the deregulation, but they were not the bank robbers. It is a fact that those were mostly Republicans like Keating. From the site that you steered me to... On the one hand, the White House during the Reagan Administration was pursuing a policy of deregulation, and under this policy refused to support requests for the personnel and funds required to carry out increased examinations of individual thrifts. On the other hand, Congress--and especially the House and Senate Banking comittees--refused to pass the legislation that was necessary in some cases to more strictly regulate the S&Ls, and prevent a further deterioration of a worsening situation. The fact remains, as I stated before, that Whitewater was a pittance in comparison. BTW, the Clintons weren't indicted on Whitewater, despite a massive effort by the wrong wing. Del