On 7/30/2015 3:12 AM, MisterDiddyWahDiddy wrote:
Neil, George Jr., George Sr., and Jeb Bush

The Savings and Loan industry had been experiencing major problems
through the late 60s and 70s due to rising inflation and rising interest
rates. Because of this there was a move in the 1970s to replace the
role of S&L institutions with banks.

In the early 1980s, under Reagan, regulatory changes took place that
gave the S&L industry new powers and for the first time in history
measures were taken to increase the profitability of S&Ls at the expense
of promoting home ownership.

A history of the S&L situation can be found he

http://www.fdic.gov/bank/historical/s&l/

What is important to note about the S&L scandal is that it was the
largest theft in the history of the world and US tax payers are who was
robbed.

The problems occurred in the Savings and Loan industry as they relate to
theft because the industry was deregulated under the Reagan/Bush
administration and restrictions were eased on the industry so much that
abuse and misuse of funds became easy, rampant, and went unchecked.

Additional facts on the Savings and Loan Scandal can be found he

http://www.inthe80s.com/sandl.shtml

There are several ways in which the Bush family plays into the Savings
and Loan scandal, which involves not only many members of the Bush
family but also many other politicians that are still in office and
still part of the Bush Jr. administration today. Jeb Bush, George Bush
Sr., and his son Neil Bush have all been implicated in the Savings and
Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars
(note that this is about one quarter of our national debt).