Keating Economics: Revisiting McCain’s Keating 5 history (Obama camp counter punch!)

[usregimechange]

Full Documentary Available at 12:00 PM Eastern
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Revisiting McCain’s Keating 5 history
http://keatingeconomics.com/

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 -- the first such Senator to receive a major party nomination for president.

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.

http://keatingeconomics.com/

[Madam Mossfern]

1. This doesn't seem to be coming from

the Obama campaign. Are they using it? If they are, how?

[VADem11]

2. It's an Obama site

At the bottom of the page, you can see that it says it's paid for by Obama For America.

[usregimechange]

3. The bottom of the web page reads: Paid for by Obama for America

[Madam Mossfern]

6. oops

sorry

[Cha]

4. Rec'd and a Kick for the Keating

5 of which one was mccain.

YOu wanna talk history, stupid?

[usregimechange]

5. Did I forget to post this:

http://keatingeconomics.com/

or this:
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[firedupdem]

7. McCain is really an idiot....with all this stuff going on in the economy

he should have really wanted to lose quietly and not fight dirty! He is going to get smacked down hard with this one!

[applexcore]

8. Holy Shit! This guy is prepared!

McCain starts thinking that hes hitting "hard" and Obama releases a fucking movie?!?!
:rofl::rofl::rofl::rofl::rofl:

[babylonsister]

9. Looks like they had this all nicely bundled and ready to roll out.

Good for them! :thumbsup: Oh, and :popcorn:

[anonymous171]

10. Ahh I get it now.

Obama can't attack first or else the media and their narrative will turn against him (like it did with McSame.) So he waits until he can use the slime as a counter attack against McCain. He attacks McCain and retains moral high ground. Ingenious! :)

[FreeState]

11. Just in time to piss John off for Tuesdays debate... hes goning to lose it! :) n.t

[crossroads]

12. Impressive! K&R

[Median Democrat]

13. It Will Be Interesing To See How McCain Spins This - Associations Matter...

But my associations don't?

[Muttocracy]

14. fantastic timing - right before a town hall debate... nt