Author Topic: USAA wants your support against Volcker rule  (Read 963 times)

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Offline The Village Idiot

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USAA wants your support against Volcker rule
« on: April 25, 2010, 08:22:34 PM »
I think I've read that some of you use USAA

http://money.cnn.com/2010/04/23/news/economy/usaa_volcker.fortune/

(Fortune) -- USAA is urging all of its members to take action against part of President Obama's financial reform package called the Volcker Rule, designed to keep banks from investing their money in a way that would compete with clients. That practice, called proprietary trading, is often blamed as a partial cause of the financial crisis.

The instiution is lauching an aggressive campaign via their website, Facebook, and Twitter, but it seems to be glossing over the details of its stance -- namely, the fact that USAA actually has no problem with the Volcker rule as it applies to nearly every other financial institution that would fall under its purview

excerpt...

Offline littlelamb

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Re: USAA wants your support against Volcker rule
« Reply #1 on: April 26, 2010, 03:39:50 AM »
Very intresting thanks for sharing FGL
Good girls are bad girls that never get caught.

Politics is the art of looking for trouble, finding it, misdiagnosing it and then misapplying the wrong remedies.