Probably most people do not remember McCain's involvement with Keating. Keating was a Savings and Loan president who was in trouble with the Federal Home Loan Bank Board for violation of rules. Keating's Savings and Loan went bankrupt and Keating went to jail. He had some very cozy relationships with key senators, McCain being one of them. And he used those relationships to thwart the regulators. McCain's wife and father in law were business partners with Keating. http://en.wikipedia.org/wiki/Keating_Five McCain and Keating had become personal friends following their initial contacts in 1981,[10] and McCain was the closest socially to Keating of the five senators.[21] Like DeConcini, McCain considered Keating a constituent as he lived in Arizona.[18] Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates.[22] In addition, McCain's wife Cindy McCain and her father Jim Hensley had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. McCain, his family, and their baby-sitter had made nine trips at Keating's expense, sometimes aboard Keating's jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain did not pay Keating (in the amount of $13,433) for some of the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln.[6][23]
Yea seriously, McCain is now marketing himself as a anti-lobbyist guy. So his associations with lobbyist and special interests are very relevant...including the Keating 5 Affair...which despite his deep financial and personal involvment with Keating...got off pretty easy with a rebuke from congress. It is also relevant as now he is calling for more regulation. Previously McCain has been an anti-regulation proponent as evidence by his involvement in the Keating 5 case where he used his influence as a Senator to thwart and investigation of Lincoln Savings and Loan run by his friend Keating. Now all of a sudden he is for regulation...another McCain flip-flop.
It was his embarrassment over his involvement in that scandal (which occured decades ago) that inspired him to become a crusader for campaign finance reform. This is ancient history of little more interest than the teapot dome scandal.
Golob on McCain on Financial Regulation The Keating Scandal is relevant not only because it is a part of McCain's history—and, therefore, enriches the context in which we are supposed to accept his current lies—but also because, as Jonathan Golob put it, the scandal is "the last big collapse of US financial institutions". There's also a really fun cartoon at that link, for those who need them. ____________________ Notes: Golob, Jonathan. "McCain's Record on Financial Regulation". Dear Science. September 8, 2008. http://dearscience.org/2008/09/08/mccains-record-on-financial-regulation/
It is interesting to see how you think the Keating 5 event which took place in 1989 as not relevant. But the fact that Obama served on a board with Bill Ayers (an educational consultant employed by University of Indiana and former terrorist) six years later as being very relevant. Besides the six year difference in timing of the events; McCain actually did something wrong. Obama did not, he just served on a board with they guy. But in your mind the Obama incident is the only one that is relevant Please Register or Log in to view the hidden image!
McCain was investigated and cleared of any wrong doing. Mr Ayers (the terrorist) says to this day that he's sorry he didn't do more.
What does that have to do with Obama? In McCain's case the Senate Ethics Committee ruled McCain exercised poor judgement. That is far from clearing him. Do you want a president who has a history of poor judgements? The FDIC investigator who was the subject of McCain's influence peddling has a much different opinion of McCain's conduct and culpability. http://www.boston.com/news/nation/articles/2008/02/28/amid_mccains_new_status_old_scandals_stir/
Well: It starts with the Bill O'Reilly interview, and then goes into Obama admiting that he worked for Williams Ayers. http://www.youtube.com/watch?v=D-45A6I-N5I&eurl=http://www.wikio.com/video/439961 Video of Obama: Flashback: Obama Cites Job Given By Unrepentant Terrorist as Qualification for U.S. Senate http://www.dailymail.co.uk/news/art...-Kennedy-But-does-know-real-Barack-Obama.html .
McCain's campaign finance reforms, which looked and acted like cya maneuvers by a guy that got caught in the first place, would be more impressive if he hadn't violated their rules himself last winter. Meanwhile, McCain didn't just sit around a table with former bad guys turned model citizens, or take a couple of hundred dollars in contributions from one or two them, years after their crimes. He actively participated in their crimes, supported their ventures, associated with them during their criminal activities, and received hundreds of thousands of dollars over the years as well as major support of various kinds. The S&L scandal, the Enron and related scandals, and the recent mortgage banking scandal, are the three big financial scandals of the post WWII era. McCain has been right in the middle of all three while they were developing, with close personal involvement and close associations among the principals that continue to this day.
I would Rather McCain to win than this stupid Obama Obama is cheater and he is Muslims and taking his money for his campaign from Saudi Arabia and he is fake birth certificate and lots of horrible that make me feel disgusting of him and wish he fall to the ground
It is very ironic, McCain has been head of the Senate Commerce Committee, the committee responsible for regulation of industry, for more than a decade. Now all of a sudden he is calling for regulation? Where has he been for the last 14 years?
http://blog.washingtonpost.com/the-trail/2008/01/07/sc_obama_backer_is_also_a_lobb_1.html No Ban on Lobbyists as Advisers for Obama Updated 7:50 p.m. By John Solomon Democratic presidential hopeful Barack Obama has made a big deal about the fact that his campaign doesn't accept political donations from Washington lobbyists, and recently declared that "they won't run my White House, and they won't set the agenda in Washington." But that ban doesn't extend to seeking their endorsements, or their advice Daniel Shapiro, one of Obama's foreign policy advisers on the Middle East, registered to lobby for several corporate clients in the last year, Obama also recently secured the endorsement of former South Carolina governor Jim Hodges, who now runs a lobbying firm, Moses Mercado, a veteran political adviser to the likes of Dick Gephardt's former presidential bids, was negotiating last fall to become an adviser to Obama. Mercado was registered in Washington to lobby on behalf of several several corporate clients, including AT&T. Obama staffer Buffy Wicks was registered in 2007 to lobby for the United Food and Commercial Workers union, Steve Hildebrand was registered since 2005 to represent an environmental firm Jim Demers, is a state-based lobbyist whose clients include pharmaceutical companies. He is not registered at the federal level.
How does that equate to the Keating 5 and pushing regulators to not do their jobs? How does that equate to taking free food, lodging and private jet use that McCain has done and continues to do?
:shrug:joepistole, Keating was not a scandal - allpolitician lie and steal and cheat. Keating was business as usual. Check out the following for our war as he defended us and our children against the Communist hoard in Vietnam. http://www.farfromglory.com/john_s_mccain.htm http://judicial-inc.biz/82jjohn_mccain_and_the_uss_forresta.htm http://www.fourwinds10.comsiterun_data/government/fraud/elections_campaigning/news.php?q=1217103060 http://www.renewamerica.us/bb/viewtopic.php?t=7839&sid=c3ae2c6cd4ce2fb674219eaa7e414421 http://christianparty.net/mccain.htm#natural:shrug:
