:: NEWS
06/17/2019
06/16/2019
06/15/2019
|| 06/01/2009 ||
opinion
Op-Ed Columnist - Reagan Did It - - “This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. ... All in all, I think we hit the jackpot.” So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act. He was, as it happened, wrong about solving the problems of the thrifts. On the contrary, the bill turned the modest-sized troubles of savings-and-loan institutions into an utter catastrophe. But he was right about the legislation’s significance. And as for that jackpot — well, it finally came more than 25 years later, in the form of the worst economic crisis since the Great Depression.
From danomil


Add a Comment !
Your Name:
[NOT LOGGED IN]
Comments :

Some BB code is now supported:

Underline Example:

The following comment:

This is an example of an [u]underlined[/u] comment.

Will produce:

This is an example of an underlined comment.

 

Italic Example:

The following comment:

This is an example of a [i]italic[/i] comment.

Will produce:

This is an example of a italic comment.

 

Bold Example:

The following comment:

This is an example of a [b]bold[/b] comment.

Will produce:

This is an example of a bold comment.

 

URL Hyperlink Example:

The following comment:

This is an example of [url=http://www.codewolf.com]a very cool site[/url]

Will produce:

This is an example of a very cool site

 

Also: Line breaks will be treated as a new paragraph