I'm not sure, but I think the NRA may have tried to contact me, maybe left a message on my machine, once...
Everyday I get up and thank heaven that I have USAA insurance for house, auto, etc. and enjoy the products offered by the USAA bank.
If they are screaming about the financial reform bill there must be something big-time odious about it. They avoid political positions pretty consistently.
And from the CEO...
USAA CEO ROBLES: Please Contact Your U.S. Senator Today
Posted on Apr 22, 2010 | Category: From the CEO
Rarely in our 87-year history have we turned to USAA members to weigh in with elected representatives on an issue of great importance. But, we are now.
The U.S. Senate currently is considering legislation (S.3217) that would impose new rules on the nation’s financial services industry, including USAA.
As the leading provider of financial services to America’s military community, USAA supports financial services reform.
However, the current Senate bill would disproportionally impact USAA because we are a unique and fully integrated association. USAA is not like the banks and other companies that helped bring down our economy, and we never took a penny of TARP funds. We do not engage in the harmful practices this legislation seeks to resolve.
If unchanged, the bill would:
* Prevent USAA from managing the association’s portfolio as we have for the past 87 years.
* Jeopardize our ability to continue offering many of our competitive products.
* Limit our ability to return money to our members. Last year, USAA returned $1.2 billion to our members in the form of distributions, dividends, and bank rebates and rewards.1
So, we are asking all USAA members and employees to urge their U.S. senators to amend a portion of the bill, known as the “Volcker Rule,” to eliminate its effect on a company like USAA. Please know that this legislation does not impact individual member’s investments.
Regardless of the outcome of the legislation, USAA will remain a unique and enduring association that’s all about you — the military and their families.
Please take action on this matter by immediately contacting your U.S. senator. You may click here to access a special website that will enable you to quickly send an e-mail message to your senator.
Thank you for your help and support,
Joe Robles Signature
Josue (Joe) Robles Jr.
Major General, USA (Ret.)
President and CEO
Just got the same in an e-mail.
I agree. Been a USAA member since the mid 60s and sent my letter to Cornyn and Hutchinson just a minute ago. And you are right, I have never seen USAA request its membership’s political involvement and have to believe that they would not in this instance if not pretty serious and potentially harmful to the company and its clients.
It’s the first time I’ve ever heard them appeal for help like this as well.
I sent the letter from the USAA site, thanks for posting.
I’ll need to forward this tomorrow to all the retirees and active duty folks I know who use or may use USAA.
The unintended consequences of the Credit CARD Act of 2009 (which had tons of populist support) will be absolutely terrible for the consumer and for business in the U.S..
The unintended consequences of the “financial reform” bill will be 1,000,000 times worse.
The more something is regulated, the more it costs and the less available it becomes.
Keep in mind that the same people who caused the crisis are now proposing far-ranging legislation to prevent the next crisis.
This legislation will only serve to empower the people and their cronies who caused the crisis, not to prevent another crisis from happening.
You cannot legislate morality, as the saying goes.
Enforce the laws that are on the books... that’s all we need to do.
I just read my email from USAA. I think I’ll forward it to the Republican congressional candidate in my district in addition to my senators.
THe govt may be intending to eventually default on Tbills, agency debt, and national debts in the future, and wants the sufferance to fall on the holders of the Tbills and agency bonds to the greatest extent possible. All the discussion about inflation, deflation without including devaluation and default suggests that that will be the intended mechanism. The financial reform bill is designed to create the largest bagholder group in history among other deleterious things. The suspected demand that 401ks and IRAs be converted to Tbills and agency bonds is related to this same purpose. Bad Tbills and agency debt to be is being dumped on the ignorant and unsuspecting, and overruled.
Govt. will, by legislation, force the bagholders to be to actually become bagholders of piles of junk to be.
I just got this in my email just a few minutes ago.
This is the best Co. I have ever dealt with. God bless them and we will help them !!!
Who are they? I have been getting spam mail from them or some site like that and I have just deleted them without reading them.
I’ve been with USAA since 1976. First time I’ve ever received something of this sort from them, as well.
The clown car in charge of Washington, DC is about to crash, I swear.
I sent one to McCain but, I suspect he got the same emailing.
Agreed and answered.
I sent mine out to my two worthless Senators already - easy to do with just a few clicks and filling in some blanks - but I don’t think either Lautenburg or Menedez can read, so.......
Am a USAA member for 44 years. If they say do it, do it.
USAA is awesome. We have them for just about everything.
Yes, if they've turned activist, we're right on the precipice, leaning foward.
USAA is the best. A few months after I signed with them I fell out of my chair when they sent me a dividend check. This outfit should be held as an example of how to run a company. Two minor fender benders and two moving violations in 5 years and no increase in my car insurance premium. Friendly and helpful the few times I’ve called. Their bank charges extremely low credit card rates. Twice, after suspected online credit card fraud, they had a new card in the mail to me next day. I can’t praise them enough.
This must be the e-mail from USAA I accidentally deleted this morning. The subject line was something to the effect of “your help is needed”.
USSA Ping.