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snitches get stitches

Tuesday, October 7, 2008

Keating Economics: the Making of a Financial Crisis

Oh, so McCain wants to throw rocks? Trying to tie Bill Ayers' actions to an 8 hear-old Barack Obama?
The economy is the most important issue to voters. And McCain knows that, and is afraid of that. Because more Americans trust Obama with the economy. And here's a great example why.

The Keating Five, one of the most corrupt financial schemes in government history. McCain was one of the five.


SBVOR said...

The evidence, from the admittedly “Liberal” New York Times, as well as the very “Liberal” PBS Online News Hour PROVES that this pathetic and unfounded attempt to smear McCain with the crimes of Keating is unmitigated BUNK!

1) Although McCain had dealings with Keating (who was a constituent in McCain’s district), McCain was NOT connected in ANY WAY to the CRIMES committed by Keating (and even The New York Times ADMITTED IT).

2) McCain did NOT support, IN ANY WAY, Keating’s request for regulators to ignore his violations (much less eliminate the regulations).

3) In FACT, even the New York Times admits that the Keating scandal ONLY involved Democrats (which is precisely why the Dems were so DESPERATE to lynch the ONLY Republican they could even REMOTELY connect to Keating)!

Quoting the New York Times:

“The special counsel to the Senate Ethics Committee has recommended that the panel clear two of the five Senators under investigation for their links to the savings and loan debacle, Congressional officials said today.

In a confidential report submitted to the committee on Sept. 10, the special counsel, Robert S. Bennett, concluded that there was not adequate evidence to merit a full-scale investigation of John Glenn, an Ohio Democrat, and John McCain, an Arizona Republican, several officials said.”

“If Mr. McCain is dropped from the investigation, the political implications could be significant: He is the only Republican under scrutiny, and Republicans could portray the scandal as a Democratic one.”

4) Quoting the very “Liberal” PBS Online News Hour:

“The Senate Ethics Committee concluded that Glenn and McCain's involvement in the scheme was minimal and dropped the charges against them. In August 1991, the committee ruled that the other three [DEMOCRATIC] senators had acted improperly in interfering with the Federal Home Loan Banking Board's investigation.”

Click here for the UNDENIABLE FACTS on what REALLY caused the current housing mess (AND the Keating related S&L mess).

Alexis and Casey Treese said...

Oh my... well actually this is the reason why I have a love/hate relationship with politics. am extremely skeptical and cynical of all politicians. They all have an agenda and most articles and politician seem like theyre feeding me propaganda bullshit. "let me tell you all the positive about my point of view and all the negative about theirs." They all do it. ugh. one persons opinion. blah blah blah.
Point is there is an excellent article on the state of the economy and what we can do about it in the new Vanity Fair you should read. Vanity Fair is so left so you'll probably enjoy it. :)
And oh my gosh, your last two comments on our post were so freakin funny.

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