Fred Dalton Thompson : enabled S & L crisis of '80s
Please spread the word....this is not the type of man we want as President.
In 1975, Thompson began his eighteen year engagement as a lobbyist in Washington, D.C., eventually representing clients including Westinghouse, General Electric (the current corporate owner of the NBC Universal-NBC television network), Westinghouse used to own CBS TV and the Tennessee Savings and Loan League
By 1982, Thompson worked the U.S. Congress membership as a lobbyist for passage of the Savings and Loan deregulation legislation desired by the Tennessee Savings and Loan League --- in this case, federal deregulation legislation allowing for additional government support of ailing S&Ls; giving U.S. thrifts the freedom to invest in potentially more profitable, but riskier, ventures; and eliminating interest-rate ceilings on new accounts to increase S&Ls' competitiveness.
Enacted into law during in September 1982, the Senate bill pushed by Thompson was incorporated into the Garn - St Germain Depository Institutions Act of 1982.
The Garn - St Germain Depository Institutions Act of 1982 is widely credited with having laid the groundwork for the U.S. Savings and Loan crisis of the late 1980s
The savings and loans crashes of the 1980s, themselves directly the result of Reagan’s deregulation of the banking industry, is more interesting because of how it reflects the rapacious nature of unbridled capitalism than of Neil Bush himself. Who by the way, is now embroiled in another scam with his latest venture, educational software, Ignite
(turnover $20 million, much of it from educational subsidies obtained in the state of Florida ,where,‘coincidentally’ of course, his bro Jeb, was governor).
Fred Thompson
Republican Fred Thompson quits presidential race
- Posted in the Fred Thompson Forum
Comments (Page 2)
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Thanks to liberal media, stupid Americans, and power hungry Republicans worthless in name only republicans. America has allowed it's best candidate leave the presidential race. Choices left (no pun intended) A Whiny, murdering I'll use the gender card, race card, sell technology to china for their vote Byitch, a Muslim masquerading as a Christian that in either case Hates America. And,No right on the money RHINO"S, that will help SOCIALIZE, Green to death America.
Come Back Fred THompson. |
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“The oil companies, the drug companies, the health insurance
companies, the predatory student loan companies have had seven years of a president who stands up for them. It’s time we had a president who stands up for all of you.” U.S. Presidential candidate Hillary Rodham Clinton, during her January 8 victory speech after the New Hampshire primary. $269,436? The amount of money Clinton’s campaign has raised from pharmaceutical (drug) companies, according to the Center for Responsive Politics . This is more than any other candidate (including Republicans) has raised. $220,550? The amount Clinton has raised from oil and gas companies, according to the Center for Responsive Politics . This is far more than any other Democratic Party contender has raised.(Rudy Giuliani leads the pack overall.) $567,950? Dollars Clinton has raised from registered lobbyists, according to the Center for Responsive Politics This is far more than any other Presidential contender, and nearly as much as all other Democratic candidates combined. Note: These numbers were current as of the end of October 2007. They could change considerably.(Read: They will get bigger.) It’s business as usual in Washington. <http://www.washingtonpost.com/wp-dyn/content/... ; <http://www.opensecrets.org/pres08/select.asp... ; <http://www.opensecrets.org/pres08/select.asp... ; <http://www.opensecrets.org/pres08/select.asp... ;. |
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