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zBrown
Ice climber
Brujò de la Playa
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Topic Author's Original Post - Nov 25, 2014 - 07:24pm PT
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EDIT: Whoops. Did anybody get killed or anything when they served their terms as President?
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Ricky D
Trad climber
Sierra Westside
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Nov 25, 2014 - 07:28pm PT
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Hey man - Ron was okay when I worked the phone lines at his Refugio Road Ranch - all smiles and horse farts. Nancy was a bitch - but Nancy was a bitch.
Never met Bill.
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crankster
Trad climber
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Nov 25, 2014 - 07:29pm PT
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Nancy made a horrible president. Her husband was kinda nice.
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zBrown
Ice climber
Brujò de la Playa
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Topic Author's Reply - Nov 25, 2014 - 07:32pm PT
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Interesting. I got the same report on Nancy bitchwise.
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TrundleBum
Trad climber
Las Vegas
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Nov 25, 2014 - 07:35pm PT
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Are you talking about Nancy the barbiturate junkie that started the DARE program...?
I guess she couldn't "just say No" ?
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Fritz
Trad climber
Choss Creek, ID
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Nov 25, 2014 - 07:43pm PT
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I moved from Idaho to SLC Utah for a new job in 1983, and picked where I was going to live, based on how far those areas were from likely Russian Nuke-Missile targets. I really thought Reagan was going to start WWIII.
To my amazement, in the joint arms-race leading up to WWIII: the Soviet Union broke down.
I'm still astounded that Reagan was able to outspend that huge Communist state in an "Arms Race", and then break them with our Yankee money.
Let's not cry about Reagan nearly bankrupting our nation. Of course Republicans didn't use to do that. Unfortunately, the Bushes continued that trend of spending way more than taxes bring in, that Clinton stopped for a while.
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Ken M
Mountain climber
Los Angeles, Ca
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Nov 25, 2014 - 07:48pm PT
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Do not underestimate the effect of Charlie Wilson on the USSR.
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rottingjohnny
Sport climber
mammoth lakes ca
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Nov 25, 2014 - 07:55pm PT
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Fritz..The commies were slum lords owning too much real estate...They were bled dry...
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zBrown
Ice climber
Brujò de la Playa
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Topic Author's Reply - Nov 25, 2014 - 07:59pm PT
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I have forgotten the cost of the S&L crisis, but not that it occurred.
I'm going to have to look it up and compare it to the infamous student loan boondoggle.
Who would turn down a no-risk proposition with no downside at almost any rate, let alone 7-9 per cent.
Man I wish I had a bank back in those days.
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rottingjohnny
Sport climber
mammoth lakes ca
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Nov 25, 2014 - 08:22pm PT
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Millis told me a funny joke about Reagan but i can't remember it..
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zBrown
Ice climber
Brujò de la Playa
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Topic Author's Reply - Nov 26, 2014 - 06:50am PT
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HOW MUCH YOU SAY? More than pocket change. May be time to get them scissors out again. Gotta cut something.
At the end of 2004, the direct cost of the S&L crisis to taxpayers was $124 billion, according to financial statements published by the Federal Deposit Insurance Corporation (FDIC), the successor to the FSLIC.
Student Loans?
In the FFEL program, the federal government paid private banks to play middleman, and the banks loaned the money to students.
But the banks didn't come cheap. The government paid three different kinds of subsidies for the privilege of their involvement. Ostensibly, these subsidies were "necessary" to lure private banks into the middleman role. However, the amount of the subsidies was far more closely related to Congress's budgetary needs and banks' lobbying clout than any analysis of what level of incentive would trigger banks' participation. Indeed, at times lenders managed to steer legislation and continue to exploit extraordinarily favorable terms.
What subsidies did the government pay? First, it guaranteed the banks an interest rate, making "Special Allowance Payments" on top of the interest the student borrower pays whenever the student's rate is below a benchmark rate, which it was most of the time in normal economic conditions. Second, the government guaranteed nearly all the principal and interest on the loan, so the banks were insulated from losses. Third, the government paid guaranty agencies for various administrative services. (Despite the agencies' names, the funds guaranteeing the private loans came from the federal government.)
...
In short, under FFEL, taxpayers guaranteed banks that student loans would be profitable and risk-free, and FFEL created a similarly risk-free, profitable role for guaranty agencies. The total extra cost to taxpayers for using FFEL instead of Direct Loans? About $11 per every $100 loaned.
...
Finally, 45 years after the subsidies started -- and 20 years after the rationalized federal accounting revealed the subsidies' true cost -- FFEL has ended.
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donini
Trad climber
Ouray, Colorado
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Nov 26, 2014 - 07:20am PT
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Don't you dare profane Clinton's name with a comparison to Howdy Doody.....the shame, the shame!
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AP
Trad climber
Calgary
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Nov 26, 2014 - 07:23am PT
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The crash in the oil price was probably what really did it to the USSR
Reagan was a hawk but did not like nuclear weapons.
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Jaybro
Social climber
Wolf City, Wyoming
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Nov 26, 2014 - 09:30am PT
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So is Obama (awesome) as history will of course play out.
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skitch
climber
East of Heaven
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Nov 26, 2014 - 12:00pm PT
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ALL BOW DOWN TO OUR CORPORATE OVERLORDS!!!
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Bad Climber
climber
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Nov 26, 2014 - 12:17pm PT
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Wasn't the Fed budget somewhat balanced for a few minutes there during Clinton's reign? Blink and you missed it. Yeah, that savings and loan debacle was choice. It is lost in the mists of time after the sub-prime nuclear bomb went off. Ugh.
BAd
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Gnome Ofthe Diabase
climber
Out Of Bed
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Nov 26, 2014 - 01:03pm PT
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Ronnie Ray Gun cut PELGrants the student loan program that was my only support.
Thanks to that I was stuck in the woods with lots of rocks to climb!
When I traded in my desperate ways for a chance at a military thing it was clear from the training that some bad mountains might be in store.....
As for work under a hat That hunt was jive with a gun,but it was not gud for me.
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Jaybro
Social climber
Wolf City, Wyoming
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Nov 26, 2014 - 01:22pm PT
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Raygun was the absolute worst! Our grand kids may never dig their way out of That mess!
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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Nov 26, 2014 - 05:40pm PT
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Edwin Meeeeese!
Janet Reeeeeeeno!
Stellar cabinetry.
Picked by astrology. Real wizard.
Picked by voodoo. Real witch.
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Ksolem
Trad climber
Monrovia, California
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Nov 26, 2014 - 09:04pm PT
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If you want some insight into the statesmanship of George Shultz, google "Rekyavik briefing papers." It should take you to the NSA archives. Reagan went to the meetings with Gorbachev with the hope of eliminating nuclear weapons. Too many close calls we all never heard about. Both leaders were undermined by their militaries (industrial complexes.)
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