little mom-and-pop banks. and they could do a lot more than banks. they were under less regulation, if you will. jim mcdougal bought madison guaranty savings and loan and began engaging in development loans, loans to help people build properties. there weren t a lot of rules in place, and you could loan on anything. as he did, he got in way over his head and began to engage in corrupt loans. suddenly, the de-regulation gates were open to loan money on anything and everything and to everybody. the savings-and-loan revolution freed up a lot of folks to buy into these s-and-l s and start lending practices that you wouldn t see at an ordinary bank. mcdougal took it from maybe having assets of $3 million in $100 million in a couple of years. but he s doing outrageous things. he s paying 10% interest on checking accounts. i don t think i ever saw a savings and loan as dirty as madison guaranty savings and
savings and loans were sleepy little mom-and-pop banks. and they could do a lot more than banks. they were under less regulation, if you will. jim mcdougal bought madison guaranty savings and loan and began engaging in development loans, loans to help people build properties. there weren t a lot of rules in place, and you could loan on anything. as he did, he got in way over his head and began to engage in corrupt loans. suddenly, the de-regulation gates were open to loan money on anything and everything and to everybody. the savings-and-loan revolution freed up a lot of folks to buy into these s-and-l s and start lending practices that you wouldn t see at an ordinary bank. mcdougal took it from maybe having assets of $3 million in $100 million in a couple of years. but he s doing outrageous things. he s paying 10% interest on checking accounts. i don t think i ever saw a savings and loan as dirty as
little mom-and-pop banks. and they could do a lot more than banks. they were under less regulation, if you will. jim mcdougal bought madison guaranty savings and loan and began engaging in development loans, loans to help people build properties. there weren t a lot of rules in place, and you could loan on anything. as he did, he got in way over his head and began to engage in corrupt loans. suddenly, the de-regulation gates were open to loan money on anything and everything and to everybody. the savings-and-loan revolution freed up a lot of folks to buy into these s-and-l s and start lending practices that you wouldn t see at an ordinary bank. mcdougal took it from maybe having assets of $3 million in $100 million in a couple of years. but he s doing outrageous things. he s paying 10% interest on checking accounts. i don t think i ever saw a savings and loan as dirty as
government credit rating. hold this here. large players in the u.s. financial sector. remember, george bailey, he is a small player. he is the large player. the savings and loans, the small mom-and-pop banks around the country now, those are the small players. large financial institutions. are going to get more money. potter wins. the definition of insanity is doing the same thing over and over again and expecting different results. the government is bailing the banks out over and over and it s not working. that leaves you to this question. if you know anything about critical thinking, you have to go why are they doing it? well, they are a, incredibly stupid. b, they re insane. or somebody is making money. they re in on it. i contend the greatest threat, the greatest theft in history is happening right now.
government credit rating. hold this here. large players in the u.s. financial sector. remember, george bailey, he is a small player. he is the large player. the savings and loans, the small mom-and-pop banks around the country now, those are the small players. large financial institutions. are going to get more money. potter wins. the definition of insanity is doing the same thing over and over again and expecting different results. the government is bailing the banks out over and over and it s not working. that leaves you to this question. if you know anything about critical thinking, you have to go why are they doing it? well, they are a, incredibly stupid. b, they re insane. or somebody is making money. they re in on it. i contend the greatest threat, the greatest theft in history