Showing posts with label Keating 5. Show all posts
Showing posts with label Keating 5. Show all posts
Monday, October 6, 2008
Obama Highlights McCain's Keating 5 Scandal - Video
What's good for the goose is surely good for the gander, right Senator McCain?
Coming on the heels of McCain's nonsensical attacks on Obama for his fake "association" with William Ayers, the Obama campaign has decided to get topical and highlight McCain's shameful involvement in the Savings & Loan scandal of the 1990s that cost the American taxpayer over $150 billion for the bailout (sound familiar?).
McCain was reprimanded by the Senate for his "poor judgment" in using his political office to intervene on behalf of this friend, Charles Keating, CEO of the failing Lincoln Savings & Loan, who was later convicted on felony racketeering charges.
Seeking to highlight McCain's "association" corrupt backroom dealings on behalf of Charles Keating, for which McCain was formally reprimanded by a Senate ethics investigation, the Obama campaign has launched a new site at KeatingEconomics.com. The 13-minute documentary was posted at noon today -- see the video below.
Also: Read up on the facts of the Keating 5 scandal on Wikipedia.
Update: Here's the video:
Tuesday, September 23, 2008
John McCain's Complicity in the Savings & Loan Scandal
For those of us who weren't paying attention during the savings and loan scandal in the 1980's (described by most analysts as the worst financial scandal in U.S. history [well, before this week]), you owe it to yourself and your country to watch and circulate this video, which recounts John McCain's involvement in the so-called "Keating 5". McCain was admonished by the Senate for his involvement and, not surprisingly, his complicity in the current financial meltdown sounds a lot like what he was up to 20 years ago.
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