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Anyone remember how fucked we were in '92? How a 12 percent fixed mortgage was damn good at the time?
Anyone remember from 93 and 96 where 2,400 banks disappeared? Hell, at the end of 1994, the 42 largest banks that gobbled up the rest of them controlled 25 percent of all the nation’s deposits. By 1996 the 13 largest banks held 25 percent of all deposits. Oh...and 42,200 employees lost their jobs at banks across the country during that time. How in '94, when the banking industry poured over $17 million into congressional campaigns? Funny how the banking industry was in dire straits back then as well, and not only did the banking sector get denied a huge payoff like they are asking for today; they were able to dump cash into congressional campaigns.
We survived. I remember I used to lie awake at night wondering how I was gonna make my house payment; but it was actually about as tough then as it is right now. There was no trillion dollar bailout...that wasn't even discussed. Bill Clinton raised taxes on the upper 10 percent, and dumped the money right bank into the economy and it responded.
Of course when the dominoes started to fall in '92, we were coming fresh off of *surprise*...a Bush Presidency. They didn't get to fall the whole way though. That's why the sons of bitches stole this election; he didn't get a chance to do his second term and put the country in a completely fucked position so that he could steal a trillion dollars, and he wanted that money. Those pesky Dems actually snuck up on him, and took the chance away from him last time. He wasn't gonna take the Dems lightly after that mess. This whole thing is poppy, rove, cheney...all of the BFEE finishing the job and finally robbing the treasury before riding off into the sunset.
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