A surprising discovery

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JohnWarren -> A surprising discovery (9/18/2008 7:20:58 AM)
Usually, I don't initiate posts in the political arena, but I hit something doing research I haven't heard recently and probably should have remembered. I was working on a timeline PowerPoint presentation for a class I'm teaching at the Power Play Academy and was going over material on the First Presidential Commission on Obscenity and Pornography and Nixon's gift to the commission, Charles Keating. Well, rather than post the content of a selected website or interpret it myself, I'll let you do your own research and post your own findings. Do a websearch on "Charles Keating" "John McCain" "Savings and Loan" Given the current financial news, this kinda set me back. I remember the S&L failures well, having lost a good amount of money in the market that time, but I've never been much for politics and hadn't made the link.

housesub4you -> RE: A surprising discovery (9/18/2008 7:54:46 AM)
Well, the info has been known for quite some time, but I did do the search and found a qoute from McCain that I happen to agree with. Leonardo DiCaprio is "an androgynous wimp." -- McCain.

cjan -> RE: A surprising discovery (9/18/2008 8:03:54 AM)
I can't understand why the media and the Dems aren't reminding us of McCains role as one of the infamous "Keating Five". The Republicans certainly would make the most of it if the shoe was on the other foot. I know all the apologists' arguments that McCain's role made him less culpable than the other sleazy politicians in this scandal, but, imo, he spread his legs just like the others... no, wait, it was us ( taxpayers , investors and pensions ) they bent over, wasn't it ? McCain didn't believe in prudent regulation of financial institutions then and he doesn't believe in it now. He's said so repeatedly himself. The result has been the financial crisis we find ourselves in today. By the way, Dr. Warren, I very much enjoyed your book and recommend it to anyone who asks for reading suggestions. Regards to you and Libby, sir.

cjan -> RE: A surprising discovery (9/18/2008 8:06:54 AM)
Housesub, do you happen to know Leonardo DiCaprio ? And what, pray tell, is your or McCain's opinion of him relevant to ?

bipolarber -> RE: A surprising discovery (9/18/2008 8:25:01 AM)
Um... Thadius and I have discussed the fact that McCain was one of the Keating Five several times over the last couple of months. He believes (like O.J. being let off for murder) that McCains involvement in the scandal is "ancient history." Still, when you consider his name coming up in this, the fact he says he "doesn't know as much about the economy as he should", and that Phil ("Hey, I have a great idea, let's deregulare the sub-prime market!") Grhamm is part of his campaign... (Who also famously said we were all in a mental recession, and that Americans were a bunch of "whiners") You have to wonder... just how fucked up is this guy, re: the economy? After all, being fundamentally a "deregulator" he was very much one of the key players in creating the crisis we're in today. Glad you found out about this on your own JW, if I had told you about it, you would probably have just passed it off as "There goes BPB... ranting again and making shit up..."

housesub4you -> RE: A surprising discovery (9/18/2008 8:34:55 AM)
Ahhhh...well for the record, Yes I have met him and in fact have worked with him. It's relevant to the point of me bashing McCain for several months and finally finding something about him I can agree with. Other that nothing

Thadius -> RE: A surprising discovery (9/18/2008 9:07:49 AM)
quote: ORIGINAL: cjan I can't understand why the media and the Dems aren't reminding us of McCains role as one of the infamous "Keating Five". The Republicans certainly would make the most of it if the shoe was on the other foot. I know all the apologists' arguments that McCain's role made him less culpable than the other sleazy politicians in this scandal, but, imo, he spread his legs just like the others... no, wait, it was us ( taxpayers , investors and pensions ) they bent over, wasn't it ? McCain didn't believe in prudent regulation of financial institutions then and he doesn't believe in it now. He's said so repeatedly himself. The result has been the financial crisis we find ourselves in today. By the way, Dr. Warren, I very much enjoyed your book and recommend it to anyone who asks for reading suggestions. Regards to you and Libby, sir. It was attempted. It was even brought up here. What hey can be made of it? McCain was the only one of the 5 that was a Repub, he was found innocent, and even the investigator (a Dem) said that there was no reason for McCain's name to be included in the investigation.

cjan -> RE: A surprising discovery (9/18/2008 9:15:14 AM)
Thadius, yes, it's been brought up. Many people, and I'm one, think the investigation was a whitewash. McCain was not "found innocent", his involvement was simply characterized as being less culpable that the others. Btw, the investigator that you refer to was later hired by McCain to represent him as his attorney in the matter. Apparently, McCain is unconcerned about even the appearance of impropriety.

Thadius -> RE: A surprising discovery (9/18/2008 9:20:37 AM)
quote: ORIGINAL: cjan Thadius, yes, it's been brought up. Many people, and I'm one, think the investigation was a whitewash. Btw, the investigator that you refer to was later hired by McCain to represent him as his attorney in the matter. Apparently, McCain is unconcerned about even the appearance of impropriety. That same lawyer also represented Bill Clinton during his impeachment... Mixing apples and oranges. The fact is there should have only been 3 folks brought before the ethics committee on this issue, the 2 others added were for strictly political reasons.

corysub -> RE: A surprising discovery (9/18/2008 9:25:47 AM)
quote: ORIGINAL: JohnWarren Usually, I don't initiate posts in the political arena, but I hit something doing research I haven't heard recently and probably should have remembered. I was working on a timeline PowerPoint presentation for a class I'm teaching at the Power Play Academy and was going over material on the First Presidential Commission on Obscenity and Pornography and Nixon's gift to the commission, Charles Keating. Well, rather than post the content of a selected website or interpret it myself, I'll let you do your own research and post your own findings. Do a websearch on "Charles Keating" "John McCain" "Savings and Loan" Given the current financial news, this kinda set me back. I remember the S&L failures well, having lost a good amount of money in the market that time, but I've never been much for politics and hadn't made the link. As I recall, Sen. McCain was cleared of any wrongdoing. Believe me, if he was, it would be all over the media today. Instead they attack Sarah Palin's pregnant daughter, or her ability to "multi-task" as a woman with a baby. Next....??

housesub4you -> RE: A surprising discovery (9/18/2008 9:28:51 AM)
Who has been attacking her daughter????? I have not heard a word since the first few days after she was selected?? Send us a link of anyone attacking her daughter that is current

cjan -> RE: A surprising discovery (9/18/2008 9:36:04 AM)
quote: ORIGINAL: Thadius quote: ORIGINAL: cjan Thadius, yes, it's been brought up. Many people, and I'm one, think the investigation was a whitewash. Btw, the investigator that you refer to was later hired by McCain to represent him as his attorney in the matter. Apparently, McCain is unconcerned about even the appearance of impropriety. That same lawyer also represented Bill Clinton during his impeachment... Mixing apples and oranges. I'm sure he represented others too. So what? The point is that he represented McCain after he investigated him and in the same matter. Doesn't that raise questions and concerns in your mind ? The fact is there should have only been 3 folks brought before the ethics committee on this issue, the 2 others added were for strictly political reasons. Let's not confuse facts with opinions, m'kay ?

cloudboy -> RE: A surprising discovery (9/18/2008 9:40:44 AM)
McCain was one of the Keating Five. I wrote a paper on the S&L crisis and here's what startled me. Congress rose the FDIC deposit insurance on deposits from $40K to $100K. This just happened without any ennunciated policy rationale. There was literally no debate in the Congressional Record about it. The only press I found was a lone article in the WALL ST JOURNAL. At the same time the FDIC deposit insurance was raised, lawmakers deregulated the S&Ls. Tax payer risks jumped by over 100% while oversight was reduced. The rest is history. The Keating Five scandal is what prompted McCain to become a campaign finance reform advocate.

cloudboy -> RE: A surprising discovery (9/18/2008 9:46:36 AM)
quote: As I recall, Sen. McCain was cleared of any wrongdoing. Yes, but he didn't distinguish himself either. After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

Thadius -> RE: A surprising discovery (9/18/2008 10:10:29 AM)
quote: ORIGINAL: cjan quote: ORIGINAL: Thadius quote: ORIGINAL: cjan Thadius, yes, it's been brought up. Many people, and I'm one, think the investigation was a whitewash. Btw, the investigator that you refer to was later hired by McCain to represent him as his attorney in the matter. Apparently, McCain is unconcerned about even the appearance of impropriety. That same lawyer also represented Bill Clinton during his impeachment... Mixing apples and oranges. I'm sure he represented others too. So what? The point is that he represented McCain after he investigated him and in the same matter. Doesn't that raise questions and concerns in your mind ? Seeing as that representation was years later, it doesn't raise any question in my mind. Seeing as his position hasn't changed on the matter, how would this even be seen as a relevant matter? The fact is there should have only been 3 folks brought before the ethics committee on this issue, the 2 others added were for strictly political reasons. Let's not confuse facts with opinions, m'kay ? I agree, you seem to be doing the same thing, no? Just to add one more fact, McCain is the only one of the 5 that testified against Keating in the court proceedings that lead to the prosecution and judgement to get some of the money back.

Vendaval -> RE: A surprising discovery (9/18/2008 10:11:07 AM)
Thank you for the reminder, John. Best wishes to you and Libby.

JohnWarren -> RE: A surprising discovery (9/18/2008 10:32:20 AM)
quote: ORIGINAL: bipolarber Glad you found out about this on your own JW, if I had told you about it, you would probably have just passed it off as "There goes BPB... ranting again and making shit up..." Actually, I don't read the political posts much. Occasionally, I see something in that little box on the regular pages that draws my eye, but that's about it. [grin} sorry to have missed the rants

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