Keating Five Video Judged to Be Factually Correct

Now Carla, you know that CNN is just out to get McCain. They are all a bunch of lying commies. Go to Fox News for the truth! lol

*That was hard to type and keep a straight face**

Carla it was all true and the Bush family was in on it to but as usual they bought off the justice department.

Julia I can't even keep a straight face reading it lol.

Thanks Carla, It is fair and balance reporting! I see McCain has few skeltons in his closet.

That's the difference between US and THEM. They lie, we present facts.

"We don't throw the first punch, but we'll throw the last."
~ Barack Obama
10.6.2008
You dopes just got SCHOOL'D-- OBAMA Style!

In the interest of fairness, the following is from Wikipedia about the Keating Five. Keep in mind that McCain was the only Republican of the five, and none of the five received much more than a slap on the wrist from the Senate ethics committee.

"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. Only Glenn and McCain ran for re-election, and they both succeeded."

The key, of course, is that McCain is now running for President and we are in the midst of another financial institution failure of much larger proportions. The real issue for the video is the end where it points out McCain's overall support for deregulation, his oddly contrasting call for even more deregulation in March of this year in response to the current crisis, and the fact that Phil Gramm - who sneaked in the provision that allowed the practices that led to the current crisis - is McCain's primary economic advisor. It is this support for deregulation and the earlier scandal's conclusion of McCain's "poor judgment" that I think the Obama campaign is most interested in communicating to the public.

Yes, it comes down to poor judgment, David.

Oh, and David, be careful about quoting Wikipedia. Anyone can write for them and they're not good at fact-checking.

By countering McCain's accusations with his own "look what McCain did", Obama legitimizes McCain's charges. If there is truely no connection between Obama and Ayers, why does Obama need to "defend" himself? Why is it necessary for Obama to divert attention from Ayers?

Remember....Keating; McCain; even Liddy; paid for their "crimes". Ayers did not.

John Glenn, the astronaut, and John McCain, the POW war hero are All-American men who couldn't possibly have done anything illegal. The REAL bad boys went to jail, the governor of AZ was impeached. And all is well with the world. (grin, grin)

Poor judgment is just one of the reasons I can't see McCain as President. Thanks for sharing this.

Why not fight fire with fire. Kerry was the nice guy and got slaughtered. Politics is dirty!
No doubt about it. And by not fighting back and defending the truth, the "uninformed" public will believe all the dirt they can gather. Mud-slinging is the Republcan way. Better to throw it back than be buried under it.

You can't call yourself a Maverick when you have been a sidekick all your life can you???

I remember this time. My mom had a little money in an S and L and was afraid she would lose it - happy she did not.

GOPers want to throw mud but not catch.

Thanks for posting this.

I was working for a large accounting firm when this happened and was privy to some information about the savings and loan. There was more to it that did not come out.

Just in: Sarah Palin unlawfully abused her power as governor by trying to have her former brother-in-law fired as a state trooper, the chief investigator of an Alaska legislative panel concluded Friday. The politically charged inquiry imperiled her reputation as a reformer on John McCain's Republican ticket.

Carla, a maverick and reformer McCain and Palin are not, if people hasn't seen through their pretense by now, they is no convincing them. For is a clear cut line of right and wrong, and some are to blind to see it.

Ivan, the federal prosecutor in the Ayers case has some interesting things to say about McCain.