Comments for Keating Economics: John McCain and the Making of a Financial Crisis »
Posted By Neophile 1 year, 1 month ago in Political NewsThe current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.
Read Full Story at youtube.com »
RSS Join the Discussion
+ Add CommentComments So Far: 255
-
82%
not2needy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Now Obama needs to do some more exposes`, and let the world know how Johnny kept Cindy out of prison after she committed forgery, fraud, theft and smuggling drugs internationally. Let the world know the kind of man John McCain is bit by bit.
Reply
Then do another one about his record as a student at the academy, the number of planes he crashed and how many he was responsible for killing as the result of the fire on the ship Forrester*.. Then he went out to party, said he needed R
John McCain is truly a dispicable man! Everything he has done needs to be exposed. People can change, but he has been the way he is since he was a toddler! Per his own parents, his temper was so violent when he was a mere toddler that he would hold his breath until he passed out, they had to dunk him in cold water to revive him.
Is THAT the man you want with his finger on the button? If he is, God have mercy on you!-
27%
Georgia501 year, 1 month ago
This comment is below the standard viewing threshold View It »
The Democrat investigating the Keating 5 found absolutely no wrongdoing by McCain. He went to his Crat taskmasters and told them McCain should not be part of the investigation.
Reply
The filth told him he could not let McCain go because it would look bad for them...all the other 4 were Democrats.
You were saying?-
85%
ADAGUY1 year, 1 month ago
This comment is below the standard viewing threshold View It »
"The Democrat investigating the Keating 5 found absolutely no wrongdoing by McCain."
Reply
When did you start listening to the democrats?
http://www.propeller.com/story/2008/10/06/lets-not...-
JoseMadreComment removed: Hard Banned
-
-
-
-
33%
Klarissa1 year, 1 month ago
-
-
50%
BB641 year, 1 month ago
This comment is below the standard viewing threshold View It »
It's clear you've never read or heard both sides of the McCain divorce. After John came back from Vietnam, he was a changed man. Actually both people were different people when they separated and divorced. War will do that to you. It changed me and certainly my wife.
Reply
Instead of ripping on a vet, why not explain how Barry could manage to sit in a Afro centrist church preaching hate and separatist for 23 years. How about releasing his real birth certificate. His campaign kick off planned in Ayers home. Better yet, explain how he's let his 1/2 brother living in Africa live on less than a dollar a month. Hope and change, yea right. Just another liberal from the long line of do as I tell you to do not as I do.-
100%
Progressive1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Yeah, I've read both sides and stick by my version. A member of my family was a POW with McCain at the Hanoi Hilton, but he didn't dump the woman who raised his children alone during the 6 years he was MIA/POW. Even Nancy Reagan, who gave Carol a job at the White House, shunned McSame after he dumped her for Cindy. Carol says the marriage ended because "John wanted to be 25, not 40." And why is Cindy's haf-sister voting for Obama? Could it be because Cindy declares herself an "only child" and hasn't given her a penny? Wright is old news and even neocons know damn well Obama's birth certificate has been authenticated by factcheck.
Reply
-
-
-
-
-
84%
ETproductions1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Georgia50 wrote: "The Democrat investigating the Keating 5 found absolutely no wrongdoing by McCain. He went to his Crat taskmasters and told them McCain should not be part of the investigation."
Reply
Not true. The Senate is a very collegial club. They don't discipline their own easily. They publicly criticized McCain for exercising "Poor judgment". Cranston was "reprimanded". Riegle and DeConcini were "Criticized for acting improperly". McCain and Glenn got off with "Exercising poor judgment".
You try loosing 150 billion dollars of taxpayer money outside the Senate, and you get a whole lot worse than "Exercising poor judgment" or -- shudder -- "A reprimand".
The telling point is that the whole debacle was brought about by McCain's passion for deregulation and laissez-faire capitalism -- and McCain learned NOTHING from it. He's been busily deregulating us into the 700 Billion mortgage meltdown.
He now claims he's going to "Clean up the greed and corruption on Wall Street and K Street. Riiiight. Erm, that's what the regulators you hate actually are for, Senator.-
-
-
0%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
In April 1986, she and her father invested $359,100 in a shopping center project with Phoenix banker Charles Keating.[15] This, combined with her role as a bookkeeper who later had difficulty finding receipts for family trips on Keating's jet,[22] caused complications for her husband during the Keating Five scandal, when he was being examined for his role regarding oversight of Keating's bank.
Reply
-
-
50%
BB641 year, 1 month ago
This comment is below the standard viewing threshold View It »
Unlike most of you lefties, even though I'm a Republican I have friends on both sides of the isle. I know Bob Bennett and in an open discussion with a few cigars and brandy, he was very clear, the attacks on McCain were prosecutorial misconduct and done as a political cheap shot.
Reply
Oh, in case I didn't mention it, Bob was also appointed to handle the investigation. He is a life long Democrat and worked with me on a number of legal issues.
-
-
-
86%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
Georgia50
Reply
The whole thing was squashed because the whole Bush family was knee deep in the scandal and daddy was the president at the time.
http://members.tripod.com/rationalrevolution0/war/...
You were saying??-
75%
cowboygrandpa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Ifergie812:
Reply
See that is where GW learned it from. Reagan and his Daddy.
McCain is a straight out liar. He probably used his POW status to slide by just as John Glen probably used his astronaut fame.
Either way, McCain needs to just stop lying and admit he is in over his head.
He probably thinks if he gets to the Whitehouse he will score some strange like Clinton did. LOL-
67%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
cowboygrandpa
Reply
When this whole Savings and Load scandal broke I was wondering why it was all swept under the rug and with me being in the generation that witnessed the JFK assassination and seeing the Warren Report that followed it didn't surprise me that the government would somehow cover their posteriors on this but this had a smell to it. Republicans would have done anything to destroy the Democrats at that time just as they caught them in the "Post Office Scandal" a few years later. so when this was suddenly hushed up with the taxpayers paying the bill, I knew there was something that the American people weren't being told. If the FBI was allowed to continue their investigation, it would have made daddy look bad so the rest is history.
-
-
-
-
83%
dunkirk1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Sounds like a case of poor judegement by McCain . SO we have McLame making bad decisions on fianancial matters costing people their life savings. Yeah lets see if hes learned his lesson. Altho if you look his push for deregualtion has led to the disaster we;re facing now. And CPns the part you always leave out when you mention the bill he was for well after it wasw being tossed about and defeated by a REPUBLICAN controlled committee was he was FOr Deregulation BEFORE he was against it BEFORE he was for it again. WHatever the people want to hear is what McSame will say. Lets not forget what the Republicans objected to in teh original bailout wasnt 700 billion going to Wall Street but the call for OVERSIGHT on how the money is used and accountability.
Reply-
33%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
This is a long and complicated story about how Obama backers were behind the mortgage industry meltdown. It hast to start some where, so lets start with a well known Chicago name Penny Pritzker. It starts with a bank failure.
Reply
Unfortunately, this wasn't the case for the 1,406 people who lost much of their life savings when Superior Bank of Chicago went belly up in 2001 with over $1 billion in insured and uninsured deposits. This collapse came amid harsh criticism of how Superior's owners promoted sub-prime home mortgages. As part of a settlement, the owners paid $100 million and agreed to pay another $335 million over 15 years at no interest.
The uninsured depositors were dealt another blow recently when the U.S. Supreme Court let stand a lower court decision to put any recovered money toward the debt that the bank owners owe the federal government before the depositors get anything.
But this seven-year-old bank failure has relevance in another way today, since the chair of Superior's board for five years was Penny Pritzker, a member of one of America's richest families and the current Finance Chair for the presidential campaign of Barack Obama, the same candidate who has lashed out against predatory lending.
-
-
100%
Lurch1 year, 1 month ago
This comment is below the standard viewing threshold View It »
That is blatantly wrong.
Reply
They found that McCain had done plenty wrong, actually the most wrong. But McCain was in political survival mode, on TV every chance he had explaining to all who would listen how he was a POW.
Behind the scenes, McCain was placing all the blame and focus on the others. He was truly a backstabber and a phony. McCain took more money and favors from Keating than anybody in the world. He should have been charged with felony tax dodging, which he only admitted to after caught. You or I would have been, but then again we`re not former POWs like John keeps reminding us every time he is politically in trouble. -
-
-
84%
TheVisionary1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Obama will likely not hit McCain hard enough on Keating 5 because that isn't his style and some people may consider it "too old" considering it happened about 20 years ago. I wouldn't call McCain "truly a dispicable man" despite the fact that I do not want him to be our president and fear his presidency as much as I did Bush's. I would call Cheney a despicable man, but McCain is a man driven by a kind of blind ambition to be president despite having no real plan for bringing this country out of the rut it's in.
Reply-
Osbama_lin_BidenComment removed: Spammer, Hard Banned4 Replies
-
-
33%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
//en.wikipedia.org/wiki/Keating_Five
Reply
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s.
The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
Lincoln Savings and Loan collapsed in 1989, at a cost of $2 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings.
The substantial political contributions that Keating had made to each of the senators, totalling $1.3 million, attracted considerable public and media attention.
After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings, with Cranston receiving a formal reprimand.
Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
All five of the senators involved served out their terms. -
73%
72LIAME1 year, 1 month ago
This comment is below the standard viewing threshold View It »
RE' USS FORRESTAL---IT WAS HIS PLANE THE "BOMB\" FELL OFF OF---HE WAS IN THE COCKPIT--WAITING TO TAKE OFF..WHY DID THE BOMB "DROP" OFF???
Reply
HOW DID A MAN WHO CAME IN ALMOST DEAD LAST IN HIS CLASS AT THE NAVAL ACADEMY--GET SENT TO NAVY FLIGHT TRIANING???
MAYBE WHEN YOUR DAD IS AN ADMIRLA???? WHY DID HE NOT GET WASHED OUT ???MAYBE BECAUSE HIS DAD WAS AN ADMIRAL???
A CASE COULD BE MADE--MCCAIN IS A SCREW UP,,WITH POWERFUL FRIENDS...
HE TAKES THE SIDE OF MEXICAN WORKERS OVER AMERICANS..HE WANTS CHEAP SCAB LABOR FOR ALL HIS RICH FRIENDS...
NO FRIEND OF THE AMERICAN WORKER..-
-
14%
beavith11 year, 1 month ago
This comment is below the standard viewing threshold View It »
how's about you stop screaming?
Reply
it wasn't his plane the bomb fell off. redo your research. then let it go.
when you come out of a military academy, you make choices as to what job you want to head to next.. you get matched up with available openings. let it go.
72Lame.. let me ask you a question... what do you call the guy that graduates last in his medical school class? doctor.
all graduating members of an academy are highly functioning individuals half are going to finish in the upper half, half are going to finish in the lower half. let it go.
as far as getting washed out, there's no way for you to know. the only folks that would know are the naval academy. are they talking? let it go.
a case could be made that he's ascrewup, but it wouldn't be very compelling. let it go.
he takes the side of mexican workers over americans? WTF is that about? let it go.
you've made mistaken/unsubstantiated allegations. you've got nothing. let it go.-
-
100%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
Are you talking about the party animal John McCain of the Naval Academy?
Reply
http://www.usvetdsp.com/jan08/mccain_military_reco...
-
-
-
0%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The Forrestal Disaster, July 29, 1967
Reply
At the time of this incident Lt. Cdr. McCain already had flown several bombing missions over North Vietnam from the aircraft carrier USS Forrestal. As he was in his A-4 Skyhawk, loaded with two, 1,000-pound bombs and waiting on the carrier deck for his turn to launch, a Zuni missile accidentally fired from another aircraft, swooshed across the carrier deck and struck either McCain's plane or one next to it.
That triggered a fire and a series of bomb and missile explosions that killed 134 sailors. McCain himself barely escaped alive. He quickly leaped from his plane into the pool of burning jet fuel that immediately surrounded him. About 90 seconds later he was blown 15 feet back when the first bomb “cooked off” and exploded, killing several nearby firefighters.
James M. Caiella has written a scholarly article about the disaster, which appeared in the Fall 2003 issue of Foundation magazine, a publication of the National Naval Aviation Museum, located in Pensacola, Fla. Caiella, who is now associate editor of Proceedings and Naval History magazines, published by the U.S. Naval Institute in Annapolis, generously shared with us copies of some key documents which he obtained from the Navy under the Freedom of Information Act. They include a typed transcript of the sworn testimony that McCain gave less than two weeks after the disaster, on Aug. 5, 1967, and also a written statement he submitted prior to his testimony, describing the first moments of the disaster:
McCain, 1967 statement: I heard a loud explosion and immediate fire all around the airplane . . . Smoke and flame were around the cockpit so I unstrapped . . . and unplugged my oxygen hose, keeping my visor down. I looked to the aft of the airplane and saw nothing but flame and I could see burning fuel in front and around the airplane but it did not look too bad to the forward. I opened the canopy and walked out on the refueling probe and jumped from the end of it, landing just on the edge of the fire and rolled clear..
McCain said that he rushed to help another pilot who had gotten out of his plane and had jumped into the flames and rolled clear, but was still on fire. -
Neutral
MagicStarER9 months, 1 week ago
This comment is below the standard viewing threshold View It »
Not to mention the little detail that Admiral McCain (John McCain's father) who has the dubious honor of being the guy who ordered a stand-down and would not permit our guys to defend the Israeli attack on the USS Liberty! Crooks, both of them!
Reply
Question for McCain: Who is Putin?
McCain Answer: President of Germany (??? Duh!!!)
-
-
100%
amervtrn1 year, 1 month ago
This comment is below the standard viewing threshold View It »
If you are playing the blame game or fighting the party wars, you are a Loser. This has been coming on for over forty years. Educate yourself. Do not let rhetoric lead you. Those who fail to remember the lessons of the past are condemned to repeat them.There is nothing here we have not seen before.
Reply-
83%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
If you would have said 30 years I might be inclined to agree but you're right. This whole crisis was brought on by politicians on both sides that took money from the bank lobbyist in exchange for deregulation. For the Republicans to blame the Democrats for the economic collapse in their campaign ads is ludicrous and insults the intelligence of the American people.
Reply
-
-
27%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Typical neophile smear story. This video shows only a totally super biased version of what happened. In both houses there is a bipartisan ethics committee. Equal numbers of both parties. These people take their job seriously.
Reply
There were 5 Senators who attended that meeting.
Alan Cranston (D-CA)
Dennis DeConcini (D-AZ)
John Glenn (D-OH)
John McCain (R-AZ)
Donald W. Riegle (D-MI)
Notice that there were 4 Democrats and 1 Republican. These are the Keating 5 that the Liberals like to try and hang around McCains neck.
Problem with this hack job.
2 Senators, John Glenn and John McCain, were exonerated of any ethics violations.
3 Senators,Alan Cranston, Dennis DeConcini, and Donald W. Riegle, were found guilty of ethics charges and were censured.
Three Democrats found guilty. And neophile thinks to try and blame McCain for what he was found NOT GUILTY of doing.
With regards to finance of the mess we are in.
The CRA created under Carter and signed in 1977 and modified in 1992 under Clinton and went into effect in 1995 caused the sub prime loans and FORCED banks to have a good CRA rating if they wished to expand and add new branch offices. So they made bad loans as a cost of doing business forced on them by the banking regulators.
In 2000 Clinton asked congress to modify the regulations. In 2003 Bush requested congress to look into the problem that Fannie Mae and Freddy Mac were getting into.problems. In 2005 and 2006 the same thing happened. The Democrats howled and charged all kinds of mean and nasty things on the part of the man bringing the facts of his investigation to congress. There are videos of them. Barney Frank said that there is nothing wrong with Fannie and Freddy. Threats of a filibuster in the senate can kill any bill if the party out of power wants it killed. So in 2005 the bill was reported out of committee and that was all.
What did McCain say?
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
The Democrats refused to listen to McCain and the rest is history. Thank you Liberals and Democrats for creating this mess in the first place and then refusing to fix it while it was still easier to do..
Typical neophile smear job full of twisted facts. Are you proud of smearing an honorable man. Of course you have no concept of honor from the stories I see you push here at Propeller. And you are a scout.-
50%
Progressive1 year, 1 month ago
This comment is below the standard viewing threshold View It »
"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation."
Reply
How come he didn't join it until a YEAR after Chuck Hagel sponsored it?-
100%
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
Why did S.190 never make it out of a REPUBLICAN-controlled committee?
Reply
Simply put, it was very bad legislation that would have, among other things, allowed Fannie and Freddie to expand into MORE areas of residential finance (can you say, "Bigger bailout"?).
-
-
57%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
Very good Endo. Four Democrats and one Republican so why didn't George H W Bush who was president at the time try destroy the Democrats and leave one fairly new Republican senator out to dry. Because his boys were knee deep in the scandal also and he wanted the investigation into the Savings and Loan scandal to stop.
Reply
You point out that the Democrats refused to listen but in reality it was the Republicans that refused to listen to John McCain's grandstanding. If McCain was truly against deregulation why would he have Phil Gramm, who pushed the deregulation bill in 1999, as his financial adviser? Because McCain's as phony as a three dollar bill, that's why. -
raats6662Comment removed: Retracted by user
-
33%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
“Campaigning in Camden, SC, McCain said ‘I am a proud Republican conservative with a 17-year record of voting, not rhetoric, but voting against higher taxes, for smaller government, for less regulation.’” [Greenville News, 1/10/00]
Reply
“I Have A Long Voting Record In Support Of Deregulation.” McCain, at a Senate Commerce Committee hearing as having said, “I have a long voting record in support of deregulation.” [St. Petersburg Times, 6/5/03]
In the Immediate Wake of Bear Stearns, McCain’s Response Was to Call for Less Regulation. In a major economic speech, after offering a diagnosis of the troubles facing the housing and financial markets, John McCain’s proposed solution was less overall regulation. “In financial institutions, there is no substitute for adequate capital to serve as a buffer against losses. Our financial market approach should include encouraging increased capital and financial institutions by removing regulatory, accounting and tax impediments to raising capital.” [McCain speech, 3/25/08] -
50%
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
"The CRA created under Carter and signed in 1977 and modified in 1992 under Clinton and went into effect in 1995 caused the sub prime loans and FORCED banks to have a good CRA rating if they wished to expand and add new branch offices. So they made bad loans as a cost of doing business forced on them by the banking regulators."
Reply
First off, the CRA 'went into effect' when it was passed in 1977 and was designed to prevent the practice of 'red-lining' whereby a bank could refuse a loan based solely on the house being in a 'bad (usually minority) neighborhood'. The facts are, one half of the current bad sub-prime loans were issued by private mortgage firms that were not under CRA regulation at all. Another third were loans by CRA regulated banks, but had nothing to do with CRA compliance. That leaves one sixth of existing bad paper that MIGHT be attributable to CRA. But then, when CRA was weakened, sub-prime loans INCREASED.
No, it was the gradual elimination of the Glass-Steagall Act and legislation that allowed mortgage firms to merge with insurance and other financial firms, effectively creating the 'financial services' industry. These new mega-entities operated with fewer and fewer regulations, shuffling bad debt around to make themselves look far healthier than they actually were. And THAT, my friend, was started by the veto-proof Republican congress of 1999. -
Neutral
Lurch1 year, 1 month ago
This comment is below the standard viewing threshold View It »
McCain was caught redhanded, as the worst of the Keating Five. He had taken the most money and gifts, and had become personally involved with advancing Keating`s business schemes.
Reply
However, McCain went on a nation-wide TV blitz reminding everyone he was a tortured POW.
Behind the scenes, McCain added up all the illegal gifts and immediately sent a check from his wife`s account for all the back taxes he had illegally evaded.
He played the sympathy card in public while playing the CYA card in private as well.
-
-
-
-
-
-
92%
Will13131 year, 1 month ago
This comment is below the standard viewing threshold View It »
but .. but .. there were DEMOCRATS involved too..
Reply
yes they were and all of them Democrat and Republican should have shared a cell with Mr. Keating..
BILLIONS AND BILLIONS that one cost us.. .. kinda like today..
but hey ... deregulation is good..-
-
-
Republicrat1844Comment removed: Retracted by user
-
-
-
23%
mivan41 year, 1 month ago
This comment is below the standard viewing threshold View It »
You guys SOOOOOO very badly need to get a clue. McCain was acquitted of ALL wrong doing in the Keating case, but three Democrats went to JAIL. Now Obama and Dodd are the top donation getters from Freddie Mac and Fannie Mae! and the two have supported Fannie and Freddie by RESISTING OVERSIGHT proposals that both McCain and Bush had presented earlier! Follow the money - THINGS THAT MAKE YOU GO UMMMM..
Reply-
86%
willottica1 year, 1 month ago
This comment is below the standard viewing threshold View It »
...could that resistance be because those "oversight proposals" involved removing the power of oversight from the government and giving it to a private corporation with no accountability to the public? Things that make you go hmmm!
Reply -
79%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
Funny thing, McCain's financial adviser Phil Gramm, who was senate banking committee chairman at the time, pushed a bill through the senate in 1999 by a 90 for and 8 against vote to deregulated the banking system even more than it was. 90-8 would kill a veto any day so blaming Clinton for signing it is moot.
Reply
http://banking.senate.gov/conf/
Phil Gramm, himself collected more than $1.5 million in cash from the three industries during the five years before passing the bill. -
-
67%
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
"...but three Democrats went to JAIL."
Reply
Um, no, they didn't. The HARSHEST sentence any of them received was Cranston's reprimand. Ouch! Basically, they all got wrist slaps. Just because McCain's was the lightest slap, doesn't mean he didn't do anything wrong.
The S.190 'regulation' bill to which you refer was bad legislation from the get-go that would have REDUCED regulation of Fannie and Freddie and likely exacerbated the current crisis. -
raats6662Comment removed: Retracted by user
-
raats6662Comment removed: Retracted by user
-
-
71%
ADAGUY1 year, 1 month ago
This comment is below the standard viewing threshold View It »
More dirt!
Reply
http://www.propeller.com/story/2008/10/06/lets-not... -
Osbama_lin_BidenComment removed: Spammer, Hard Banned1 Reply
-
75%
cowboygrandpa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Will1313:
Reply
Yeah !!!!!!
FTA Of the five senators John McCain was the closet friend of Keating. He took his policy making decisions from him.
Also FTA: Keating was a nasty guy who had a reputation of buying politicians.
Boy does that speak to the maverick McCain.
Did you notice how often McCain was blinking his eyes, almost as if he couldn't believe that he'd been busted.
But hey, the neocons see this clown as an honorable man !!!!!
Speaks to their moral depravity !!!! -
40%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
5 Senators
Reply
4 Democrats and 1 Republican.
3 Democrats found guilty in the ethics committee shown in this very biased story.
1 Republican and 1 Democrat found innocent of any wrong doing.
When McCain and Glenn walked out of that meeting they did absolutely nothing to help Keating.
Three Democrats tried to help Keating.
So why the smear job on one of the two Senators who were found innocent of any wrong doing?
Liberal smear tactics. The author of this piece is obviously leaving out the important information of the results of that hearing.
Then they try to place the blame on a bill that did some deregulation. That idea came from moveon.org. When asked about how that deregulation caused the sub prime loan mess they went to a couple of higher placed experts who in the end said there is no connection. They lied and the talking points lies are still going the rounds. Hold your heads up high and tell more lies liberals. It is what you do best.
This whole story is just a carefully edited smear job that uses a few facts and makes a big lie.-
33%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
You really want to see what John McCain's voting record is on deregulation?
Reply
http://jmbell.org/blog/2008/09/27/mccains-real-rec...
Only Weeks Before the Bear Stearns Collapse, McCain Proclaimed Himself a “Deregulator” and Said “I’m Always for Less Regulation.” McCain told the Wall Street Journal “As far as a need for additional regulations are concerned, I think that depends on the legislative agenda and what the Congress does to some degree, but I am a fundamentally a deregulator. I’d like to see a lot of the unnecessary government regulations eliminated, not just a moratorium.”[Wall Street Journal, 3/3/08]-
100%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
jm bell
Reply
Party Affiliation: Democrat
Paid for by the Democratic National Committee -- 430 South Capitol Street SE, Washington, D.C., 20003.
This communication is not authorized by any candidate or candidate's committee.
Jeff Bell is a professional writer, part time indy-film maker, musician, wonk and political consultant. He’s been working in and around politics since 1989 when he worked on a City Council campaign for free guitar strings. He’s worked (2nd and 3rd tier, mostly) on more than 9 campaigns in 4 different states, mostly in communications.
Jeff was most recently [politically] employed by the Democratic National Committee as the Communications Director for Utah (2005-2007.)
Jeff is currently the president of the Children’s Justice Corps, a non-profit entity that educates about sexual and physical crimes against children and lobbies for smarter, long term prosecution and punishment for offenders.-
Neutral
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
If you are pointing out the fact that the person that wrote this article is a Democrat, well good for you because I never thought that Karl Rove wrote this article but that doesn't change the facts..
Reply
So what's your point?? Sounds like this Bell is doing a great job for the DNC. Also looks like he's an alright guy that likes to help children.
-
-
-
100%
cowboygrandpa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Endo:
Reply
Get a clue, does the fact that one Republican a POW and one Democrat a Hero Astronaut, were the only ones who walked away virtually unscathed say nothing to you.
Especially when it was stated that McCain was the closest to Keating.
You are beyond reason and have shown yourself incapable of making logical and fact based decisions.
All you try to do is place the blame on the Democrats no matter what. OK so where was Obama in all this ???? Oh that's right he wasn't involved !!!!!!!!!!! But stupid John McCain was up to his eyeballs, as well as the Bush family of criminals.
Or don't you remember the Silverado crap !!!!!!!!
Just admit your guy was protected because he was the closest to Keating. Keating btw got it easy.
Had he been in general population he would have received justice. He was released early.
The people who lost everything ????? Nothing but misery. So stop whining about the instigators you snivelly little baby.
How many WWII war vets lost their life savings over this crap. And you want to defend McCain !!!!!!!
All of the ones who did it should have gone to prison and been barred from ever holding public office again,
Their private wealth should have taken and distributed in a fund to go to the victims, and a lifetime judgement against them should have been entered. No moneys other than the barest of income should they have been able to keep.
Justice is never done in this country when the wealthy commit crimes against the poor and middle class.
Here is your smear, how many died so McCain and the others could continue fuc*ing the American public for the greedy wealthy bastar*s, like the Bushes, Reagan, Keating, Wall Streets Elite,.....
Get a fuc*ing clue will ya ???????
-
-
-
84%
tehranchik1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Isn't this what we've all been waiting for? Let's see how far it goes. How many will turn a blind eye? No big deal. How is this guy even in the running? Who made him one of the choices?
Reply
$3.4 billion----seems like peanuts compared to what we're dealing with today - eh? and he's still here. Mc didn't do what was best for Joe citizen then - what makes anyone think he'll do what's best for any of us now?
Just an after thought - let's ask Palin what she thinks.-
83%
not2needy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
We all know that republicans think anything another republican does is acceptable.
Reply
In 1990 3.4 billion was probably like 10 billion today!
McCain has never been for anyone but himself. This week Rolling Stone magazine did a wonderful biographical article about McCain that every republican should be MADE to read before going to the polls. He's been an awful person since he was a child. -
87%
tehranchik1 year, 1 month ago
-
81%
not2needy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
lol, they don't read tc, that's a timeless truth! They don't want to be informed, they just follow party lines regardless of the consequences. It's all about winning to them, like a football or basketball game, it's all about winning, at all costs.
Reply
-
-
75%
ADAGUY1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Check this out!
Reply
http://www.propeller.com/story/2008/10/06/lets-not...-
-
100%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The Center for American Progress is an American liberal political policy research and advocacy organization.
Reply
Its President and Chief Executive Officer is John Podesta, who served as chief of staff to then U.S. President Bill Clinton. Located in Washington, D.C., the Center for American Progress has a campus outreach group, Campus Progress, and a sister advocacy organization, the Center for American Progress Action Fund.
Since its inception, the Center has gathered a group of high-profile senior fellows, including Lawrence Korb, Assistant Secretary of Defense under President Ronald Reagan; Gene Sperling, Director of the National Economic Council under President Bill Clinton; Ruy Teixeira, political scientist and author of The Emerging Democratic Majority; and, most recently, former Senate Minority Leader Tom Daschle and Elizabeth Edwards, wife of former Presidential candidate Sen. John Edwards.
The Center was often featured prominently on the Al Franken Show on the Air America Radio network, where Christy Harvey and Franken discussed at length alleged dishonesty and incompetence in the Bush Administration.
The Center has no information on its Web site about its funding, but the Washington Post reported that "seed money pledged by such deep-pocketed Democrats as regular liberal financier George Soros (and mortgage billionaires Herbert and Marion Sandler)" assisted its formation.[2]
The authors of Her Way, a biography of Hillary Clinton, also assert that the Democracy Alliance, a liberal donors collective, has funded the Center. They also assert that the Sandlers and Soros provided seed money.[3]
-
-
64%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
tehranchik
Reply
The web site is just getting started.
http://my.barackobama.com/page/invite/keatingvideo -
50%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Check the facts first by googling "keating 5". This is a lie and a smear job. one of two senators that were found not guilty of any ethics violations is smeared this way. Three Democrats were found guilty and censured. Why not talk about how corrupt the Democrats were in this instance.
Reply
This is a case of investigate, look for the guilty and blame the innocent. That is supposed to be part of a joke about projects but you liberals have done it for real.-
33%
lfergie8121 year, 1 month ago
This comment is below the standard viewing threshold View It »
"Why not talk about how corrupt the Democrats were in this instance."
Reply
Are they running for office of president?
"one of two senators that were found not guilty of any ethics violations is smeared this way."
OJ was found not guilty too. The two senators wouldn't happen to be heroes would they? ROFLMAO Can you say cover-up?? -
0%
ETproductions1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Whatsa matter, big guy. Don't like your own medicine?
Reply
Barack Obama had NO direct involvement with William Ayers. He went to a political fund raiser at the guys home, and served on a charity board which Ayers served on.
McCain was in the thick of meetings to deflect the investigation into the Lincoln Savings and Loan. McCain clearly wanted to protect his close friend and convicted felon, Charles Keating. He nearly lost his political career for it, even on the Republican's watch under Regan/Bush.
McCain's deregulation and reliance on self policing brought on the massive savings and loan bailout. McCain's continued belief in deregulation and his push for it in the banking and investments industries precipitated this latest trillion dollar meltdown. Put him in the presidency, and the fox is watching the hen house. -
Neutral
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
"Three Democrats were found guilty and censured." No, they were not censured. Cranston got a reprimand (less than censure). There were no 'guilty' or 'not guilty' verdicts since there were never any charges filed.
Reply
The reason we're not talking about any of the corrupt Democrats from the Keating Five is that none of them are running for president.
-
-
-
85%
Spadecaller1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The msm cares more about phony stories when they target Obama, but when they are based on substantiated fact that is squarely related both to todays's financial crisis and John McCain's shady record, they remain silent.
Reply
I am preparing 47 letters addressed to people that I know suggesting that they join me in boycotting the sponsors that advertise on Fox and CNN. I will be sending a copy of this letter to both networks and the companies listed.
WE need to take whatever action we can to expose msm for its pandering, complicity, and yellow journalism. The freedoms that are constitution guarantees are dwindling fast as our nation continues to look the other way. This is not the time to remain silent.-
80%
not2needy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Well, i rarely watch CNN and never watch FOX so it won't take much for me to boycot either of them! They have been bought and paid for by big business republicans though, so whether we watch or not, they still have their fat paychecks.
Reply -
PsychoHosebeastComment removed: Spammer, Abusive1 Reply
-
-
70%
Spadecaller1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Many of those 47 empathetic activists and friends of mine will forward letters to others. If you understand the math and the method, I would not minimize its importance. I'm surprised that you would find fault with anyone who cares enough and tries to make a difference.
Reply
Sorry my efforts do not meet up to your lofty standards...Please show me what you are doing that is better. I am open to learn from the experts. -
-
-
-
-
-
50%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Try and explain away the speech from the floor of the senate when the Democrats were stonewalling reforming Fannie Mae and Freddy Mac in 2005. If this had been acted on there probably not be the nightmare we have now.
Reply
-----------------------------
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
-----------------------------
Such a foolish man financially. The Democrats are always right. LOL
The compassion that was put into the CRA in 1977 and upgraded in 1992 by Democrats cause the sub prime loans to come into existence. Then when things started to get out of control the compassionate Democrats fought the good fight to keep their plan intact. They won and the country lost. But lets not talk about that. Lets try and blame McCain. Point the finger elsewhere. Never take responsibility. Clinton even says the Democrats did it.-
50%
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
Well of COURSE McCain wanted swift passage of S.190; it would have allowed Fannie and Freddie to branch out into more areas of residential finance and left the rest of the mortgage industry largely unregulated for a least a year while a new oversight body was formed.
Reply
5/6 of the existing sub-prime loans had nothing whatsoever to do with CRA compliance. Sub-prime loans INCREASED when the CRA was weakened.
-
-
-
85%
Charlson1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The key to all the Savings and Loans scandals (Keating and the Bush Family), is DEREGULATION.
Reply
It's deregulation that allowed the Savings and Loan industry the opportunity to steal and defraud their investors. And now it's the same type of deregulation of the credit and mortgage industry that's allowed this scandal to develope. Ah yes, McBush the Deregulator.-
75%
tchef1 year, 1 month ago
This comment is below the standard viewing threshold View It »
This right here is the core of the reason this story is important. All this stupid deregulation is not what is good for the country. That and trickle down economics are two of the biggest frauds being put forward by the Republican party.
Reply-
29%
Bucotch1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The only fraud is Obama's economic plan. He aint gonna do nothing but give a bunch of none tax payers a hand out and raise taxes. His whole plan is empty promises that are impossible to implement in the crisis we're in. At least McCain's an open book and not someone hiding his background.
Reply-
50%
dunkirk1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Odd I thought he keeps tryig to gloos over the he favored the deregulation that got us into this mess along with thae fact that Cindy Mccain made a ton of cash over other people losing their life savings in the Keating scandal. BTW how exactly aere we going to implement McSames solution?? The one for LONG term stability in the financial markets.
Reply -
-
-
-
84%
Grrr1 year, 1 month ago
This comment is below the standard viewing threshold View It »
And it's deregulation that let these CON bastages buy all of our broadcasting and news. Which is how they sell the rest of their rotten deregulation schemes and outright smash-and-grab heists to the dupes that keep voting for them. And there's nothing new about any of it. Come November they will STEAL another election, and because there is no outrage on the TV, nothing will happen, except we'll be a third world country for the rest of our lives.
Reply-
33%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
"The Democrats have had 2 years to head this problem off, but were more worried about making Bush look bad than doing their job. McCain brought this problem up to the House and nothing was done about it. . . . The Democrats are not going to fix this problem."
Reply -
-
-
50%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Another believer in the moveon.org lie. When backed into a corner they had to admit that that bill had nothing to do with this problem. But the lie is out there and all good libs will repeat it ad nauseum. So what if it is a lie.
Reply
Lets not look at the compassionate CRA that the Democrats made in order for those less fortunate be able to get mortgages. So what if many can not repay the loans. Banks were forced to use those regulations to get a good CRA rating in order to grow and expand. So they made the bad loans as a cost of doing business. The CRA created a housing demand that caused the price of housing to climb and when too many foreclosures impacted the building industry then down it came.
Per Census Bureau, In the First Quarter of 2008, there were 129.3 Million Homes in the US. Of these, 18.5 Million were Vacant. That is a whopping 14.3% of all US Homes were sitting empty. 12.5% in the North East, 13.9% in Mid West, 16.3% in South and 12.7% in the West.
These figures started to grow in 2006 as foreclosures started having an impact. They grew steadily until now. The figures for today are probably worse. 1995 was the year that the CRA went into full effect. Look at the following link to see what happened to housing prices.
http://mysite.verizon.net/vodkajim/housingbubble/
Notice how the inflation adjusted price starts to grow in 1997. In 2006 the foreclosures were starting to have an impact and then down it came. Any bank holding mortgages or paper for mortgages has to value them at the current sale price of the property. This burst affects all real estate to some degree. Banks watched helplessly as the paper that was effectively money turned into a loss. Resale is less than the loan so that paper is a net loss on the books. Down went many banks. Fannie and Freddy taken over by the government. Lehman Brothers bankrupt. Others propped up. Now the big bailout.
Thank you for such compassion Democrats.-
100%
Tangent0011 year, 1 month ago
This comment is below the standard viewing threshold View It »
5/6 of the sub-prime loans currently on the books had nothing whatsoever to do with CRA compliance. When the CRA was weakened, sub-prime loans INCREASED.
Reply
Referring to CRA and abuses in the subprime market, law professor Michael Barr stated in his 2008 Congressional testimony, "the worst and most widespread abuses occurred in the institutions with the least federal oversight"
-
-
-
-
86%
Progressive1 year, 1 month ago
This comment is below the standard viewing threshold View It »
The Keating scandal brings to mind the old saw, "Fool me once, shame on you, fool me twice, shame on me" in that McCain got away with his sleazy associations as a Senator before and now is trying to fool all the people again with the same shady tactics applied to the current economic crisis. The ethics committee that got him off with a hand slap last time was never informed of the questionable Keating investment that netted Cindy McCain $15 million.
Reply -
94%
AntiNeoCon1 year, 1 month ago
This comment is below the standard viewing threshold View It »
I was hoping the campaigns would stick with the issues and avoid the character attacks, but both sides have started. I hope the Tue night debate will not be quite as nasty and that the candidates will stick to the issues and what they plan to do concerning them.
Reply-
50%
Bucotch1 year, 1 month ago
This comment is below the standard viewing threshold View It »
McCain has every right to bring up relevant issues with Obama. Things that have been skimmed over by the one sided media. A lot of people have no idea unless they're really
Reply
keeping up and doing their own research. If all they're doing is watching the one sided
candy coated crap on certain networks then they're brain washed and don't have a clue.
-
-
89%
AntiNeoCon1 year, 1 month ago
-
86%
not2needy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Anti, i agree! I would love to know how they both stand on the issues. Sadly, i don't think McCain has a stand on any of the issues, which accounts for his personal attacks rather than issue related ads. This has put Barack in a position of having to defend himself constantly, which doesn't free him up to talk about the issues as much as he wants to either.
Reply
You know when Karl Rove says that McCain has crossed the line, it has to be bad!-
85%
Eagle_Eye1 year, 1 month ago
This comment is below the standard viewing threshold View It »
"This has put Barack in a position of having to defend himself constantly, which doesn't free him up to talk about the issues as much as he wants to either. "
Reply
This is very true and sad, but it Obama doesn't address these attacks he will get swift boated just like Kerry.-
-
67%
dunkirk1 year, 1 month ago
This comment is below the standard viewing threshold View It »
And he is doing that very well. Yoiu can see the disgust he has for those tactics when he talks about the latest McSame/Moose Mama attack. THAT alone says a lot about him. But you really can;t expect mcsame to do anything but that, what exactly does he have to campaign on??
Reply
-
-
-
93%
rimbaud1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Who needs to dredge up the past or go for guilt by association, when there is plenty to oppose straight from the candidates' mouths:
Reply
http://www.nytimes.com/2008/10/06/opinion/06krugma...-
75%
miklkit1 year, 1 month ago
This comment is below the standard viewing threshold View It »
In short, the McCain plan makes no sense at all, unless you have faith that the magic of the marketplace can solve all problems. And Mr. McCain does: a much-quoted article published under his name declares that “Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.”
Reply
I agree: the McCain plan would do for health care what deregulation has done for banking. And I’m terrified.
From your article rimbaud.-
67%
Endoscopy1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Do any of you liberals ever hear of the Laffer curve? The curve was drawn by Arthur Laffer but the concept goes back to Ibn Khaldun, a 14th Muslim philosopher who wrote "It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments."
Reply
Alexander Hamilton talked about the idea as well. Three past presidencies have used this theory. Harding-Coolidge in 1925, Kennedy in 1964 (passed after his assassination), and Reagan in 1981. In each of these cases there is a documented effect that dropping the tax rate increased revenues. Bush did the same thing with the same result. Gee the curve works.
The curve goes from 0 tax to 100% tax. the concept is at each extreme the revenue to the government will be 0. Who will work if everything goes to the government? The curve rises form 0 tax and climbs until it starts downward to 0 again at 100%. The point at which it does this is a major problem for governments. to achieve the maximum revenue you have to be at the peak of the curve. The problem is figuring out where that % tax point is. Go either way and the government loses revenue.
Google "Laffer curve"-
100%
Grrr1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Has absolutely NOTHING to do with any of the present discussion. Taxes are not at issue. I believe the present thread was deregulation, which finds no solace in Laffer.
Reply
But since you bring it up and are so familiar with Laffer, I'm surprised you don't realize that we are getting soaked because you CONs under-tax the richest 5% and overtax the rest that pay any taxes at all.
Are you really trying to defend trickle down economics with Laffer? Sheesh...
-
-
-
-
-
-
Republicrat1844Comment removed: Retracted by user
-
-
-
-
86%
jordan111 year, 1 month ago
This comment is below the standard viewing threshold View It »
Well, politics can get very contentious. It hardly seems worth throwing a friend away for, though. My brother and I fight over the phone all the time, & I just hang up on him, lol. He calls back in a day or two, & we talk about other things. (Until the next time he brings up politics, that is).
Reply
-
-
-
81%
Grrr1 year, 1 month ago
This comment is below the standard viewing threshold View It »
His involvement with Keating doesn't bother me nearly as much as all the other blatant lies he's perpetrated before and since then. Heck, that was just politics.
Reply
I've got to admit, the Rolling Stone article this month is a real eye-opener, even for a GOP basher like myself. I thought highly of him in 2000, and apparently if the truth had been generally known back then, I wouldn't have.
The man is a liar, a crook, and a cad.
http://www.propeller.com/story/2008/10/01/make-bel...
And there's a lot more than that in this month's issue.-
93%
jordan111 year, 1 month ago
This comment is below the standard viewing threshold View It »
His involvement with Keating doesn't bother me nearly as much as all the other blatant lies he's perpetrated before and since then. Heck, that was just politics.>>>>
Reply
What bothers me about Keating is that his career was nearly ruined because of the consequences of deregulation. And yet, he kept right on voting for every piece of deregulation that crossed his desk. It's as though he didn't give a damn about the thousands of Americans who were wiped out, & gave no thought to how it could happen again to other Americans. He voted for deregulating the banking and lending industry, damn it! And of all the Senators who did, HE should have known better given what happened to him over Keating.-
71%
Grrr1 year, 1 month ago
This comment is below the standard viewing threshold View It »
What ticks me off is that the only reason he even has a political career is because he bills himself as some war hero and tragic survivor of horrible torture. When in fact he was the same thing as a POW as he was before and has been since.
Reply
A spoiled brat.
-
-
-
81%
Eagle_Eye1 year, 1 month ago
This comment is below the standard viewing threshold View It »
I am looking forward to tommorrow nights debate, all it seems McCain/Palin can do is make personal attacks and making it a personal issue instead of addressing the national issue.
Reply
I also love how Sarah keeps sicking her high heel into her mouth. -
-
-
-
Neutral
OldBetty1 year, 1 month ago
This comment is below the standard viewing threshold View It »
You saw it for the first time now because it was history that had already been settled and the Obama campaign thought it was irrelevant since no charges were leveled. It probably would have stayed as something you would read only if you looked for past information on McCain except for McCain's campaign pushing the idea that Obama "pals around with terrorists." Of course, the "terrorists" turned out to be one aging 60's radical, 30 years beyond that time and living a mainstream life. who shared position on a board(concerned with education) funded by Annenberg money (conservative republican), lives in Obama's neighborhood and hosted one party to introduce candidate Obama in 1995. Palin continues to use the phrase, even in the light of this information. Bringing up the Keating 5 is justified once someone has established "guilt by association" as a valid campaign technique.
Reply
-
-
80%
Teech1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Anything Bush and Cheney could destroy, McSame and Palin can do BETTER!
Reply
Bush crashed the American banking system! McLame will crash the world economy. Just give him the chance!
Vote for those Bozos and watch America return to the stone age!-
-
79%
Tcaros1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Bush is the absolute worse president in the history of our country.
Reply
There is a large part of the population that believe he actually lost the 1st election, but was helped by fraud - Diebold or the intelligence folks.
After he assumed office he attacked the Constitution and kept the US at war to retain Executive power and undue influence over the judiciary.
The sad part is that we wasted 8 years and are in a worse mess now.
Vote out Republicans that voted with Bush. -
-
75%
dunkirk1 year, 1 month ago
This comment is below the standard viewing threshold View It »
They have, after 6 years of deregulation under the REPUBLICANS the system imploded from the greed of the REPUBLICAN party backers. When you manage to double the National Debt, (for the fuzzy math Repugs that means Bush otspent all past Presidents combined, or simpler he outspent in 4 years what was spent in the past 230+ years of this nation) you destabilize the entire economy.
Reply -
Neutral
OldBetty1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Sweeping statements containing the implied ONLY such as "(only) democrats crashed the system," are by their very nature prejudicial opinions and therefore cannot be true or false They must be discarded in any intelligent discussion, should you choose to engage in one.
Reply
-
-
-
aacr1Comment removed: Hard Banned14 Replies
-
77%
Tcaros1 year, 1 month ago
This comment is below the standard viewing threshold View It »
"At Keating's behest, four senators--McCain and four other Senators met with Ed Gray, chairman of the Federal Home Loan Bank Board, on April 2, 1987. Those four senators attended a second meeting at Keating's behest on April 9 with bank regulators in San Francisco. They stalled the regulators in taking action.
Reply
Regulators did not seize Lincoln Savings and Loan until two years later. The Lincoln bailout cost taxpayers $2.6 billion, making it the biggest of the S scandals. In addition, 17,000 Lincoln investors lost $190 million"
This sounds alot like what just happened. McCain is for deregulation. Vote against these folks and watch the economy go back to Clinton days of surplus and good home values. -
Osbama_lin_BidenComment removed: Spammer, Hard Banned2 Replies
-
80%
NoWayMan1 year, 1 month ago
This comment is below the standard viewing threshold View It »
a member of the keating five. and that scandal points directly to deregulation.
Reply
also, Cindy McCain and Keating invested together. according to the November 13, 1989 Phoenix Gazette, Cindy McCain and her father invested $360,000 in one of Charles Keating's land deals in 1986.
shady.-
73%
Tcaros1 year, 1 month ago
This comment is below the standard viewing threshold View It »
It is shady.
Reply
The McCain's are elitists. These people believe they are entitled to things because of birth or familial associations. They do not care if you lived in a box.
It's likely the economic crash and the timing were manufactured by Bush and his rich banking buddies. I thnk they are robbing our country and using the money to uncercut our form of government. They want to move to a one world governing body that controls everything through money, power, and greed. -
0%
Klarissa1 year, 1 month ago
This comment is below the standard viewing threshold View It »
In 1988, inspired by a vacation visit four years earlier to substandard medical facilities on Truk Lagoon,[19][15] Cindy McCain founded the American Voluntary Medical Team (AVMT).[3] It was a non-profit organization that organized trips for doctors, nurses, and other medical personnel to provide MASH-like emergency medical care to disaster-struck or war-torn third-world areas such as Micronesia, Vietnam (before relations were normalized between them and the U.S.[19]), Kuwait (arriving five days after the conclusion of the Gulf War[19]), Iraq, Nicaragua, India, Bangladesh and El Salvador.[10][33][34][35][36]
Reply
She led 55 of these missions over the next seven years,[18] with each being of at least two weeks' duration.[36] AVMT also supplied treatment to poor sick children around the world.[37] In 1993, Cindy McCain and the AVMT were honored with an award from Food for the Hungry.[10]-
100%
NoWayMan1 year, 1 month ago
This comment is below the standard viewing threshold View It »
what does this have to do with her shady dealings with Keating?
Reply
AND...
did her involvement with a AVMT make it easier for her to get her hands on the drugs that she allegedly was stealing?
according to Tom Gosinski, the former director of government and international affairs for the American Voluntary Medical Team, the answer to that question is YES.
Hired by Cindy McCain in 1991, Gosinski enjoyed his job, but he began to notice McCain's erratic behavior in the summer of 1992. In his journal, he wrote that he and others suspected the boss was addicted to painkillers and might have been stealing them from the organization.
Gosinski suspected that Cindy McCain had gotten volunteer doctors with AVMT to sign prescriptions for her, and had used employees' names to fill them. Worried his own name had been used (he would eventually learn that it had), Gosinski approached DEA agents in the spring of 1993 to report McCain's suspicious behavior. The DEA launched an investigation.
From Gosinski's journal, July 27, 1992:
During my short tenure at AVMT I have been surrounded by what on the surface appears to be the ultimate all-American family. In reality, I am working for a very sad, lonely woman whose marriage of convenience to a U.S. Senator has driven her to: distance herself from friends; cover feelings of despair with drugs; and replace lonely moments with self-indulgences.
-
-
-
67%
widollar1 year, 1 month ago
This comment is below the standard viewing threshold View It »
John McCain represents all that is bad with politicians today. He is an opportunistic parasite who will say and do anything to become commander in cheif of the US military. He is vidictive, shallow and his uncontrolled temper would cause America no end of trouble. As to the nutcase Sister Sarah, she is also a pathetic loser and that's why these two nutjobs like each other. Both are serial liars.
Reply -
33%
amervtrn1 year, 1 month ago
This comment is below the standard viewing threshold View It »
If you are playing the blame game or fighting the party wars, you are a Loser. This has been coming on for over forty years. Educate yourself. Do not let rhetoric lead you. Those who fail to remember the lessons of the past are condemned to repeat them.
Reply -
anioklyComment removed: Spammer10 Replies
-
-
sailrComment removed: Retracted by user
-
-
hefaa1Comment removed: Hard Banned
-
Osbama_lin_BidenComment removed: Spammer, Hard Banned2 Replies
-
33%
BB641 year, 1 month ago
This comment is below the standard viewing threshold View It »
You know it's nice that they're putting this junk on you tube but why hasn't the Senate or Congress started the hearings? Harry & Nancy have the power to do this. Let's start with the subpoenas. Let's start dragging the investment bankers before them and explain why and how this wasn't handled properly. Let's start asking about the money trail. Oh, the DNC doesn't want this you say? Why not? Was it because when McCain of Arizona and Ryan of Wisconsin started asking about his both were blocked by the DNC? Biggest bailout and no hearings? The silence is a deafening confession of guilt.
Reply -
Neutral
closer231 year, 1 month ago
This comment is below the standard viewing threshold View It »
The sad thing about the McCains there may be a trend with the drugs and his experience in Viet Nam. He may be a Manchurian Candidate. His eratic behavior and on again off again behavior is being noticed by many in the news media. After watching both canidates, McCain is going down an eratic path.
Reply
It would not be the first prisoner to have been brainwashed. Watch him the next 4-5 days. -
krp0151Comment removed: Spam
-
krp0151Comment removed: Spam
-
krp0151Comment removed: Spam
-
-
krp0151Comment removed: Spam
-
-
Neutral
Searchbeam1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Sarah says "the gloves are coming off!"
Reply
I wonder what ELSE is she taking off! LOL!
McPain wanted to get into the sport of mudslinging! What he doesn't know that two can play this game! I would not blame Obama for showing McPain's seedy and sinister past to even the score.
Although this is not going to help in the current GLOBAL economic crisis, it will have the cathartic effect of getting McPain out of his misery!
Only 26 days left now!
McPain has reserved his place in history as a mean, vicious old man with venom running through his veins. All that self aggrandizing has been nothing but a house of cards!-
AbsolutelyNO2ObamaComment removed: Abusive
-
-
Republicrat1844Comment removed: Retracted by user1 Reply
-
AbsolutelyNO2ObamaComment removed: Abusive
-
Neutral
j1943oe1 year, 1 month ago
This comment is below the standard viewing threshold View It »
Lurch
Reply
6 days, 22 hours ago
McCain was caught redhanded, as the worst of the Keating Five. He had taken the most money and gifts, and had become personally involved with advancing Keating`s business schemes.
However, McCain went on a nation-wide TV blitz reminding everyone he was a tortured POW.
Behind the scenes, McCain added up all the illegal gifts and immediately sent a check from his wife`s account for all the back taxes he had illegally evaded.
He played the sympathy card in public while playing the CYA card in private as well.
Reply -------- THERE WERE 4 DEMORATS ON THAT PANEL AN THEY DIDN'T CARE WHAT JOHN McCAIN THOUGHT THEY JUST OVERRODE ALL HIS WISHES TO STOP THAT ****!YOU IDIOT! -
Neutral
j1943oe1 year, 1 month ago
This comment is below the standard viewing threshold View It »
NoWayMan
Reply
1 week, 1 day ago
a member of the keating five. and that scandal points directly to deregulation.
also, Cindy McCain and Keating invested together. according to the November 13, 1989 Phoenix Gazette, Cindy McCain and her father invested $360,000 in one of Charles Keating's land deals in 1986.
shady.
Reply3 Replies
-------I WISH THERE WAS A POINT TO THIS $HIT!IDIOT! -
-
-
Neutral
marilynrc1 year ago
This comment is below the standard viewing threshold View It »
John McCain has got more mileage of his POW status! It even bought him out of the Keating scandal! His hands were dirty, but all he got was censored for his bad judgement! McCain only got as far as he has because, his father and Grandfather were Navy Admirals, otherwise, he would have washed out of Annapolis! While there he was known as "WILD MAN MCCAIN, AND WAS ON REPORT MOST OF THE TIME!
Reply -
Neutral
goldenmartini1 year ago
This comment is below the standard viewing threshold View It »
Yes, McCain was cleared of all wrong doing in the Keating 5 scandal. Who led the investigation?... Bill Clinton's lawyer. Obviously, someone who is not biased in favor of McCain. Yet he said McCain did nothing wrong and should be exonerated.
Reply
In an age where Senators, Mayors, Governors and other public servants seem to go to jail with ever increasing regularity, McCain has an unblemished record. His goal has been to serve his country. He has invested his whole life to helping the United States. He has lived here his whole life, he has never been a Citizen of Kenya, Pakistan or any other country. He has never associated with radicals, terrorists, socialists, marxists. There is no question about his honesty or his allegiance. -
Neutral
ramona8171 year ago
This comment is below the standard viewing threshold View It »
Does anyone remember how, 4 years ago, gas prices plummeted just in time to ensure George W got in office, then went up the day after the election? Republicans are evidently getting desperate again. Get ready for a similar hike, regardless of who wins. Oil companies are just trying to ensure Republican victory in the white house then back to business as usual.
Reply -
csunbeanComment removed: Spam
-
Neutral
ramona8171 year ago
This comment is below the standard viewing threshold View It »
McCain, being an intelligent person (never mind what you think about his idealogy, he is very intelligent) must be kicking himself for letting the party make him go with Palin as his running mate. Maybe he didn't have a choice. Hard to say, I don't know how these things go. I only know that McCain would have been better off with anyone other than Palin, so maybe the Republicans are looking ahead and trying to groom a candidate for 2012. If so they have thier work cut out for them. Palin is a moron. She's qualified to wear expensive suits but that's about it.
Reply -
-
Neutral
whateversclever91 year ago
This comment is below the standard viewing threshold View It »
HOW LONG DO WE HAVE?
Reply
This is the most interesting thing I've read in a long time. The sad thing about it, you can see it coming.
I have always heard about this democracy countdown. It is interesting to see it in print. God help us, not that we deserve it.
How Long Do We Have?
About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh , had this to say about the fall of the Athenian Republic some 2,000 years earlier:
A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.'
A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.'
>From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.'
The average age of the world's greatest civilizations from the beginning of history, has been about 200 years'
During those 200 years, those nations always progressed through the following sequence:
1. from bondage to spiritual faith;
2. from spiritual faith to great courage;
3. from courage to liberty;
4. from liberty to abundance;
5. from abundance to complacency;
6. from complacency to apathy;
7. from apathy to dependence;
8. from dependence back into bondage'
Professor Joseph Olson of Hamline University School of Law, St. Paul , Minnesota , points out some interesting facts concerning the 2000 Presidential election:
Number of States won by: Democrats: 19 Republicans: 29
Square miles of land won by: Democrats: 580,000 Republicans: 2,427,000
Population of counties won by: Democrats: 127 million Republicans: 143 million
Murder rate per 100,000 residents in counties won by: Democrats: 13.2 Republicans: 2.1
Professor Olson adds: 'In aggregate, the map of the territory Republican won was mostly the land owned by the taxpaying citizens of this great country. Democrat territory mostly encompassed those citizens living in government-owned tenements and living off various forms of government welfare...' Olson believes the United States is now somewhere between the 'complacency and apathy' phase of Professor Tyler's definition of democracy, with some forty percent of the nation's population already having reached the 'governmental dependency' phase.
If Congress grants amnesty and citizenship to twenty million criminal invaders called illegal's and they vote, then we can say goodbye to the USA in fewer than five years. -
-
-
insuranceeseComment removed: Hard Banned
loading ...
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.