It is my patriotic duty to inform FR of such under these conditions, it is not a chip on my shoulder. 99% of the American population is uninformed over the S&L crisis of the late 1980's, that is very sad because there were terrible injustices perpetrated by our government. It's as if they wanted to destroy the real estate boom of the southwest, the S&L's and the junk bonds all at once. Then the government broke those 2 industries and that 1 market with a string of bad policy, including the fact that they provided the 100% insurance in the first place. After this debacle which allowed GHWB to reverse Reagan's economic recovery, Bush Justice Dept sued 20,000 people who were involved in that S&L stuff unjustly. The Democrats of course had the legislation in 86 that tripped the development market and set the whole thing off and Bush only responded like country club republicans always do. He did what the liberals wanted him to. Reagan was the only good guy in the entire play, but the media successfully blamed it on Reagan afterwards.
I stand up for my people, I live in AZ where damage was worst. On the other hand, if they attacked your state so and then sued so many unjustly, then you'd keep a zip on it?
They loved being on the boards, right.......the elitism of that, right? Remember the old saying, if you can't do the time, don't do the crime -- and that includes IGNORANCE OF THE LAW.