"Keating Economics"
Keating Economics: John McCain and the making of a financial crisis debuts. A 13-minute doc highlighting McCain's involvement in the scandal. Courtesy of Barack Obama's campaign.
"Keating Economics"Keating Economics: John McCain and the making of a financial crisis debuts. A 13-minute doc highlighting McCain's involvement in the scandal. Courtesy of Barack Obama's campaign. 8 Comments |
McCain has freed his nasty attack dog, Palin, with smear tactics. If she is talking about guilt by association then McCain was guilty beyond doubt in Keating scandal and Palin herself has a very personal association with the America-hating Alaska Secessionist Party (AIP)...a group whose founder damned America and cursed the flag, and was later murdered in a "plastic explosives sale gone bad.". Palin's husband Todd Palin has been a member of America-hating Alaska Secessionist Party for years and remember that she still lives and sleeps with her husband Todd who loves AIP.
Here is McCain back in 90's agreeing that he was "guilty" in Keating Five.
McCain in his own words:
"I was judged eventually, after three years, of using, quote, poor judgment, and I agree with that assessment."
On Oct. 8, 1989, The Arizona Republic revealed that McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators.
The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay.
McCain also did not pay Keating for some of the trips until years after they were taken, after he learned that Keating was in trouble over Lincoln. Total cost: $13,433. [...]
McCain also had to explain his trips with Keating and why he didn't pay Keating back right away.
On that score, McCain admitted he had fouled up.
"I was in a hell of a mess," McCain later would write.
Wrong. Every group that has studied the Keating mess suggests that McCain was not only innocent, but was also the only person involved who intended to do the right thing when it was revealed. Of all of the Obama attacks, this is clearly the stupidest.
The scandal cots America roughly $2 billion. All based on deregulation. For all Mccains talk he has repeatedly stated his opposition to regulaton. The final judgment states Mccain used "poor judgment" and Mccain did take money from Keating and Keating was one of his closest supporters. Ayers was at best a tangential connection whom Obama did nothing to support and has denounced the actions he took when Obama was in day care.
You guys are quite the work of retardedness. McCain was not guilty, he was fully exonerated and was only part of the investigation for political trapping, to keep it from being a 100% Democrats hearing.
Try and find yourselves some water to drink. Got to keep you all away from the kool-aid
WaPo:
Keating Inquiry Appears Different, 17 Years Later
Sometimes in politics, memories fail.
In a conference call with reporters, attorney John Dowd was asked about a specific part of the Keating Five inquiry, the fact that Cindy McCain and her father had invested in a Keating strip mall.
"It was part of the inquiry, but it did not -- John was unconnected to that and unaware of it at the time, and did not participate in it," Dowd said.
But thanks to the quick research skills of Democratic partisans, here's John McCain's answer to an attorney who asked him about that very investment during the ethics committee hearings in 1991.
"Sometime in 1986, I was told by Mr. Delgado, who was Executive Vice President of my father-in-law's company, that they were going to invest in a shopping center and that the investment -- the project -- was being put together by a subsidiary of American Continental," McCain said. "He later told me that they -- that that had happened. And I had no interest in it and just noted in passing that this investment took place."
The attorney asking the question during the hearing? John Dowd.
voices.washingtonpost.com/the-trail/2008/10/06/keating_inquiry_appears_differ.html
Im sure McCain was completely innocent & uninvolved...They just picked his name out of a hat to get a republican involved??? Very naive.