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Michael Franken on Corporations

 

 


S&L "debacle" cost his parents much of their life savings

What turned him on to the Democratic Party was the savings and loan "debacle" of the 1980s. He blames the late Ronald Reagan's policies for his parents' loss of savings, in which they received only 19 cents on the dollar for everything they had put away. His parents had worked in a machine shop into their 70s and refused financial assistance from their children.
Source: Marion County Tribune on 2020 Iowa Senate race , Apr 7, 2020

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Page last updated: Sep 22, 2020