General Discussion

byeya

(2,842 posts)

14. As I recall the S&L lootings were enabled when the law raising the FDIC insured

Sun Dec 2, 2012, 12:32 PM

Dec 2012

saving per individual went from $20,000 to $100,000 which meant to the fraudsters that they could get the federal government to pony up $100 thou instead of a measly $20 thou making it worthwhile to engage in the looting of a heretofore benign industry.
Neil Bush was a player as was Nixon's AZ anti-pornagraphy panelist whose name escapes me.
Mainly though, it was organized capital who looted the system, broke it, and caused you and me and the rest of the taxpayers plenty of money.

Thanks for the links,

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Banking Is a Criminal Industry Because Its Crimes Go Unpunished [View all] Octafish Dec 2012 OP

du rec. nt xchrom Dec 2012 #1

Gap in U.S. Bank Prosecutions Seen Octafish Dec 2012 #2

Banking also enabled me to buy a house for my daughters after my divorce. randome Dec 2012 #3

True. There are good bankers, as well. The point is the bad go unpunished for their crimes. Octafish Dec 2012 #4

Too often, I agree. randome Dec 2012 #5

Apparently the Democrats haven't had sufficient power rudycantfail Dec 2012 #26

Was that sarcasm? Not blaming you if it was. randome Dec 2012 #31

Yes it was. rudycantfail Dec 2012 #35

Like I said, it's understandable. I share your frustration. randome Dec 2012 #41

The pizza parlors in The French Connection sold pizzas. ret5hd Dec 2012 #37

I prefer to think of my home loan as a safe haven for my daughters. randome Dec 2012 #42

Our preferences don't change facts. ret5hd Dec 2012 #51

I think we are mainly talking about investment banks here and not "home town" banks and not byeya Dec 2012 #6

Exactly. The S&L lootings were models for 2008. Octafish Dec 2012 #7

As I recall the S&L lootings were enabled when the law raising the FDIC insured byeya Dec 2012 #14

The new law enabled S&Ls to act like commercial banks, as well... Octafish Dec 2012 #20

I would do business with a good s&l in a heartbeat. burnsei sensei Dec 2012 #27

Rooting for a new sheriff on WallStreet. Elizabeth Warren: think Dec 2012 #8

I hear ya. So do the big banks... Octafish Dec 2012 #16

I would not be surprised if Schumer used his influence to keep her off a committee where byeya Dec 2012 #19

Question - Why did Lehmman, Bear, and Merrill Lynch bankrupt themselves? banned from Kos Dec 2012 #9

This message was self-deleted by its author AnotherMcIntosh Dec 2012 #11

'bank griefers?' leftstreet Dec 2012 #17

Face the facts. 100's of financial excutives have been indicted and/or convicted banned from Kos Dec 2012 #25

Why JP Morgan gets away with bad bets... Octafish Dec 2012 #24

Well, I appreciate your reply. banned from Kos Dec 2012 #28

Reassuring everyone rudycantfail Dec 2012 #45

Yes, that is the case but it is certainly not an "explicit subsidy" Why is Black so wrong? banned from Kos Dec 2012 #47

Deposit insurance is an rudycantfail Dec 2012 #49

Non sequitor. banned from Kos Dec 2012 #50

It's certainly a subsidy rudycantfail Dec 2012 #53

One person's "speculation" is another person's "hedge". dkf Dec 2012 #33

Or Corzine with MF Global. dkf Dec 2012 #32

CEO-Governor-Senator Bankster? Octafish Dec 2012 #52

Any crime that goes unpunished will be repeated if there's money innit. Baitball Blogger Dec 2012 #10

Well-stated. What Cass Sunstein said... Octafish Dec 2012 #30

This message was self-deleted by its author AnotherMcIntosh Dec 2012 #12

"The real truth of the matter is, as you and I know, redqueen Dec 2012 #15

This message was self-deleted by its author AnotherMcIntosh Dec 2012 #23

Geithner sacrificed homeowners to “foam the runway” for the banks. Octafish Dec 2012 #43

This message was self-deleted by its author AnotherMcIntosh Dec 2012 #44

Neil Bush knows all about that. nt redqueen Dec 2012 #13

Neil Bush? The friend of the Russian oligarchs and Rev. Moon? Octafish Dec 2012 #21

DURec leftstreet Dec 2012 #18

Hey, leftstreet! Whatever happened to LIBOR? Octafish Dec 2012 #54

k and r nashville_brook Dec 2012 #22

Eliot Spitzer explains the What's What and the Who's Who in the continuing Great Fraud. Octafish Dec 2012 #55

Criminals have migrated into banking as a legit way to make $$$$$ without the hassle of RKP5637 Dec 2012 #29

Money can corrupt as completely as absolute power. Octafish Dec 2012 #48

Thanks for the link. It was chilling to read!!! n/t RKP5637 Dec 2012 #56

Iceland jailed the bankers that killed their economy riverbendviewgal Dec 2012 #34

Yes. You don't need "evidence". You don't need "proof beyond a reasonable doubt". Nye Bevan Dec 2012 #36

It would be good if the banksters also weren't the regulators. Octafish Dec 2012 #39

K&R nt Zorra Dec 2012 #38

James Galbraith summed up the predicament for Bill Moyers...IBGYBG Octafish Dec 2012 #59

"Some will rob you with a six-gun, And some with a fountain pen." Woody Guthrie Tierra_y_Libertad Dec 2012 #40

''The best way to rob a bank is to own one.'' William K. Black Octafish Dec 2012 #57

Bankers are in jail in Iceland Ichingcarpenter Dec 2012 #46

They will continue to pencil America out of her eye teeth because they can and no one is doing a lonestarnot Dec 2012 #58