You and USAA are now lobbying for the big Wall Street banks? What a joke. USAA makes the big claims, but does not actually prove anything about what is actually in the bill. Typical BS from the right. USAA is just another bank that is lobbying. No bank wants more regulation, but sorry tax payers are demanding it.

By the way how many bad loans did USAA give out in the bubble? USAA is a joke. That bank is a complete rip-off.

See:
http://www.ripoffreport.com/Search/usaa.aspx

“Mind your manners.” That is a joke given all the right-wing attack dogs on NQ. As soon as some adds an alternative view they are personally attacked and the comment is deleted on this site. There are no “manners” on this site, at least since it turned into an anti-obama hate site.

It will be interesting to see what comes of this…

Rarely in our 87-year history have we turned to USAA members to weigh in with elected representatives on an issue of great importance. But, we are now.
The U.S. Senate currently is considering legislation (S.3217) that would impose new rules on the nation’s financial services industry, including USAA.
As the leading provider of financial services to America’s military community, USAA supports financial services reform.
However, the current Senate bill would disproportionally impact USAA because we are a unique and fully integrated association. USAA is not like the banks and other companies that helped bring down our economy, and we never took a penny of TARP funds. We do not engage in the harmful practices this legislation seeks to resolve.
If unchanged, the bill would:
Prevent USAA from managing the association’s portfolio as we have for the past 87 years.Jeopardize our ability to continue offering many of our competitive products.Limit our ability to return money to our members. Last year, USAA returned $1.2 billion to our members in the form of distributions, dividends, and bank rebates and rewards.*

So, we are asking all USAA members and employees to urge their U.S. senators to amend a portion of the bill, known as the “Volcker Rule,” to eliminate its effect on a company like USAA. Please know that this legislation does not impact individual member’s investments.
Regardless of the outcome of the legislation, USAA will remain a unique and enduring association that’s all about you — the military and their families.
Please take action on this matter by immediately contacting your U.S. senator. You may click here to access a special website that will enable you to quickly send an e-mail message to your senator.

Thank you for your help and support,
<img src=”http://f.e.usaa.com/i/42/2078198359/ceo_img_jrobles_sig.gif” border=”0″ alt=”Joe Robles Signature”/>
Josue (Joe) Robles Jr.
Major General, USA (Ret.)
President and CEO

Robles is right…I’ve been a USAA member for almost thirty years and I’ve never seen anything like this from them. 

Honest banks will evidently pay a big price for the dishonesty of others.

There may be good points in your post.  I won’t see them, though.  I stopped reading when you whacked Amy with “You clearly know very little about finance.”

That was not necessary.  Mind your manners.

The whole reason many of us found NQ was the bashing of Hillary and we all defended her.  Now I have to read attacks about her here that go unchallenged and even worse are widely supported.

I don’t think so. I am very surprised and disappointed, frankly with the unfounded accusations against Bill and Hill.  I might have voted for McCain, but he sure as hell wasn’t my first choice.

My name says it all.  I am as proud of her today as I was back then.

You clearly know very little about finance. It is likely irrelevant if a couple of people had a conversation. The reality is that Goldman should have told all investors through disclosure in an official prospectus how exactly the synthetic CDS was put together. They screwed their customers by not telling them that the investor on the other side of the trade was the one who actually put together the investment. Goldman even went further (email proof) that they themself believed that the investment would fail and therefore explictedly knew they were screwing their investor clients. The fraud is in the larger disclosure issue, not in one or two private conversation. The issues is also more troubling for Goldman than the actual fraud charges, as it shows the Goldman was willing to screw its customers. That is far more damaging in an industry were reputation is extremely important. 

Another day, another lie from Obama.  

Oh, and apparently he took money from Rezko, too!  Much more than Obama said!?  

Tick tock tick tock

Looks like Goldman Sachs is betting on Reps next time around.  They’d better be careful about stiffing the Dems.  Barry has a temper.

But from what I’ve seen of the bill, it’s got enough loopholes to drive a convoy through.