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The Keating Five scandal, and John McCain's role in it, has received relatively little mention in presidential campaign coverage, and at least one Fox News host seems dedicated to keeping it that way.
The 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. John McCain was accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association. The bipartisan Senate Ethics Committee launched investigations and formally reprimanded Senator McCain for his role in the scandal. Today, John McCain is the only major party presidential nominee in US history to have been rebuked, censured or otherwise admonished after a Congressional ethics investigation. At the heart of the scandal was Keating's Lincoln Savings and Loan Association, which took advantage of deregulation in the 1980s to make risky investments with its depositors' money. McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry -- actions that allowed Keating to continue his fraud at an incredible cost to taxpayers. When the savings and loan industry collapsed, Keating's failed company put taxpayers on the hook for $3.4 billion and more than 20,000 Americans lost their savings. John McCain was reprimanded by the bipartisan Senate Ethics Committee, but the ultimate cost of the crisis to American taxpayers reached more than $120 billion. The Keating scandal is eerily similar to today's credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules. And in both cases, John McCain's judgment and values have placed him on the wrong side of history.
"Japanese man who's been making instruments and accessories from straws for 26 years. In the video he shows us his Godzilla mouth, a bubble-blowing flute, a Hanshin Tigers fan flute, and a Doraemon flute/costume."
Palin and Mccain think they can win Ohio they CANNOT! (Up with Obama) Palin and gang try to gather support in Strongsville, Ohio
Another sign of the times.
An invetigation into HOW the US Election could be stolen(again) Accusations of BOTH Republicans AND Democrats are raised. As Stalin once noted, "It is not who votes who makes a difference but those who count the Votes who have the real Power"
The "National Security and Homeland Security Presidential Directive," with the dual designation of NSPD-51, and HSPD-20, as a Homeland Security Presidential Directive gives Bush total dictatorial powers--he just has to declare a "national emergency".
The new site is up and running. I`d never have pushed it this far without a lot of you guys supporting the site. Thanks Again!
One Patriot sums up the sentiment of many Americans about what illegals and congress is doing to our country and our black hole economy. Courtesy of GSBamerica
Another Transporter movie staring Jason Statham.