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marble falls

(71,257 posts)

4. Back when a million dollars was actually worth close to a million dollars, my uncle told me if you owed the bank ...

Reply to PeaceWave (Original post)

Tue Jan 20, 2026, 10:19 PM

17 hrs ago

... a hundred thousand dollars, the bank owned you. If you owed the bank one million dollars, you owned the bank.

In the 90s when TACO was going to bring down his bank, the Clinton administration guaranteed that the Fed would cover another billion dollars in loans and save the bank and TACO. This was around the time that he tried to sue Merv Griffin about a resort trade they'd made and TACO lost money.

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Back when a million dollars was actually worth close to a million dollars, my uncle told me if you owed the bank ... marble falls 17 hrs ago #4

as soon as he can blame a dem rampartd 17 hrs ago #5