Add our blog to Google

Add to Google

Tuesday, October 7, 2008

Those Who Forget the Lessons of History Are Doomed... repeat them.

Remember the last time the banking industry was so "F'd" up? Well, actually this is worse this time, but we shouldn't forget John McCain's eager participation in one of the worst scandals from previous history.

KEATING ECONOMICS: John McCain & The Making of a Financial Crisis


  1. ALL of the evidence, from even the MOST “Liberal” of sources, 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.

    2) McCain did NOT support, IN ANY WAY, Keating’s request for regulators to ignore his violations. McCain did NOT favor either skirting OR eliminating these regulations. McCain did NOTHING to assist Keating in ANY WAY!

    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).

    Click here and learn what Obama does NOT want you to know.

  2. I believe the main point was the issue of "guilt by association" brought up by the McCain campaign. Just pointing out the glass houses vs. stones thing. Thanks for your comment.