{OT:} Keating Economics: John McCain The Making of a Financial crisis

[e***@yahoo.com]

http://www.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."

http://www.keatingeconomics.com/

[Jeff Strickland]

Post by e***@yahoo.com
http://www.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."
http://www.keatingeconomics.com/

Now, the rest of the story ...
Keating's bank was caught up in a congressional committee investigation that
was stalled. The ONLY thing McCain did on Keating's behalf was to ask the
committee to shit or get off the pot. He did not sway them to decide one way
or the other, he only asked them to decide. That's a fact.


Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.

You tell me which Senator did more harm to America ...

[e***@yahoo.com]

Post by Jeff Strickland

Post by e***@yahoo.com
http://www.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."
http://www.keatingeconomics.com/

Now, the rest of the story ...
Keating's bank was caught up in a congressional committee investigation that
was stalled. The ONLY thing McCain did on Keating's behalf was to ask the
committee to shit or get off the pot. He did not sway them to decide one way
or the other, he only asked them to decide. That's a fact.
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope. McCain was given $100,000 BEFORE he intervened. That's
bribery.

[SMS]

Post by e***@yahoo.com

Post by Jeff Strickland
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope. McCain was given $100,000 BEFORE he intervened. That's
bribery.

True. Plus it's important to note that Barack Obama never actually did
what Jeff claims. Not that the truth ever means anything to the neo-cons.

[badgolferman]

Post by SMS
Not that the truth ever means anything to the neo-cons.

What is a neo-con to you?

[Jeff Strickland]

Post by Jeff Strickland

Post by e***@yahoo.com
http://www.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."
http://www.keatingeconomics.com/

Now, the rest of the story ...
Keating's bank was caught up in a congressional committee investigation that
was stalled. The ONLY thing McCain did on Keating's behalf was to ask the
committee to shit or get off the pot. He did not sway them to decide one way
or the other, he only asked them to decide. That's a fact.
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope. McCain was given $100,000 BEFORE he intervened. That's
bribery.




<JS>
And Obama is the highest dollar recipient of lobbyist money, except for
Chris Dodd.

McCain was found to be not guilty of taking a bribe, indeed he was acquitted
because the charges were found to be untrue. He was friends with Keating,
that much is true. He and Keating palled around together. I'd rather have my
Prez be pals with a guy that makes bad real estate deals than one that bombs
New York City Police stations and the FBI building, then states emphatically
AFTER Obama is running for Prez that he wished he had blown up more stuff.
Ayers or Keating, which is worse for America?


</JS>

[e***@yahoo.com]

Post by Jeff Strickland

Post by e***@yahoo.com
http://www.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."
http://www.keatingeconomics.com/

Now, the rest of the story ...
Keating's bank was caught up in a congressional committee investigation that
was stalled. The ONLY thing McCain did on Keating's behalf was to ask the
committee to shit or get off the pot. He did not sway them to decide one way
or the other, he only asked them to decide. That's a fact.
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope.  McCain was given $100,000 BEFORE he intervened.  That's
bribery.
<JS>
And Obama is the highest dollar recipient of lobbyist money, except for
Chris Dodd.
McCain was found to be not guilty of taking a bribe, indeed he was acquitted

Bull. Maybe in rightwingnut fantasy world. McCain was found guilty.
You should not try to get away with a lie with overwhelming evidence
to the contrary.

[Jeff Strickland]

Post by Jeff Strickland
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope. McCain was given $100,000 BEFORE he intervened. That's
bribery.
<JS>
And Obama is the highest dollar recipient of lobbyist money, except for
Chris Dodd.
McCain was found to be not guilty of taking a bribe, indeed he was acquitted

Bull. Maybe in rightwingnut fantasy world. McCain was found guilty.
You should not try to get away with a lie with overwhelming evidence
to the contrary.


<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

I note with interest that you haven't entered the arena where Obama is the
second highest recipient of banking lobby dollars, only Chris Dodd has taken
more banking lobby money. Chris Dodd is a banking regulator, should he be
taking lobbyist money?


</JS>

[e***@yahoo.com]

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.

McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

[Jeff Strickland]

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan.


<JS>
Please cite.

McCain did not stop the commission, nor did he tell it to decide one way or
the other. The commission had stalled, and McCain simply told them (or asked
them) to come to a decision.


</JS>

[Jeff Strickland]

Read this if you are really interested in the Keating Five ...

http://www.azcentral.com/news/election/mccain/articles/2007/03/01/20070301mccainbio-chapter7.html

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.

McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

[Scott in Florida]

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.

[Truckdude]

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!

http://snopes.com/politics/obama/loans.asp

[Scott in Florida]

Post by Truckdude

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!
http://snopes.com/politics/obama/loans.asp

Wrong again.

Snopes can NOT be relied on for Barry information...

[Truckdude]

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!
http://snopes.com/politics/obama/loans.asp

Wrong again.
Snopes can NOT be relied on for Barry information...
--
Scott in Florida

That would be you, not snopes.com

[Scott in Florida]

Post by Truckdude

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything in the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!
http://snopes.com/politics/obama/loans.asp

Wrong again.
Snopes can NOT be relied on for Barry information...
--
Scott in Florida

That would be you, not snopes.com

Snopes has an agenda when it comes to Barry....

Not to be trusted...

[Truckdude]

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything
in
the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!
http://snopes.com/politics/obama/loans.asp

Wrong again.
Snopes can NOT be relied on for Barry information...
--
Scott in Florida

That would be you, not snopes.com

Snopes has an agenda when it comes to Barry....
Not to be trusted...
--
Scott in Florida

Evidence?

[Scott in Florida]

Post by Truckdude

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by Truckdude

Post by Scott in Florida

Post by e***@yahoo.com

Post by Jeff Strickland
<JS>
I believe you are mistaken. McCain was not found guilty of anything
in
the
Keating case. Keating was found guilty, but McCain was only found to have
asked the commission to shit or get off the pot. He (McCain) did not tell
the commission which way to decide, he only told them to decide.

No, McCain used his position and connections to stop the investigation
into the Lincoln Savings & Loan. After he stopped the investigation
Keating and Lincoln Bank went on to bilke retired senior citizens of
their life savings by selling them junk bonds.
McCain is a whore for money and does not take responsibilities for his
actions. He even threw his wife under the bus. Didn't you read the
articles I posted?

Barry was one of that lawyers that sued to make sure poor people that
could not afford mortgages, got those mortgages....thus bringing down
the whole US and World market.
--
Scott in Florida

Debunked! Try again!
http://snopes.com/politics/obama/loans.asp

Wrong again.
Snopes can NOT be relied on for Barry information...
--
Scott in Florida

That would be you, not snopes.com

Snopes has an agenda when it comes to Barry....
Not to be trusted...
--
Scott in Florida

Evidence?

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

Be sure to listen to Barry in his own words.....

[tak]

Post by Jeff Strickland

Post by e***@yahoo.com
http://www.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."
http://www.keatingeconomics.com/

Now, the rest of the story ...
Keating's bank was caught up in a congressional committee investigation that
was stalled. The ONLY thing McCain did on Keating's behalf was to ask the
committee to shit or get off the pot. He did not sway them to decide one way
or the other, he only asked them to decide. That's a fact.
Barack Obama actually filed a Class Action lawsuit against Citibank to FORCE
Citibank to make loans to people that Citibank felt would not be able to
repay them. The Class got very little money (but lots of laons they could
not repay), Obama was paid millions, and the bank is in trouble today
because it made loans that it was forced to make specifically due to the
efforts of Barack H. Obama, Esq. That's a fact.
You tell me which Senator did more harm to America ...- Hide quoted text -
- Show quoted text -

Nope. McCain was given $100,000 BEFORE he intervened. That's
bribery.

***In addition, John received a number of free rides on Keating's plane to
vacation at Keating's Bahamas retreat.