Current Events — HabitableZone

Current Events » in reply to The "Liberal Media" and the S&L Crisis

Facs are troubling but lok this up:

Fernand St. James.
(d) rewrote the FDIC/FSLIC insurance, raising it to $100k.
This is widely and properly seen as the single most destructive change to destabilize the banking system.
And your post implies that only Republicans are bankers.
How naive of you.
President Bush rebuilt the banking system, and got it done many years ahead of schedule, via the RTC.
Out of the disaster the USA developed the strongest banks it has ever had, and % rates have sustained their lowest levels in decades.
Hardly a record the informed would consider bad.

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