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#284115 - 10/07/08 10:17 AM Re: McCain and the Keating 5 S&L Scandal [Re: wanderingspryte]
Chocolategenii Offline

Domestic Affairs Moderator

Registered: 10/03/06
Loc: California
Originally by: wanderingspryte
he was reprimanded for poor judgment.

And although it's a nice way to dismiss the past associations of McCain and his wife who with her father invested well with Mr Keating, the point underscores the broader economic policies used to support de-regulation that allowed the S-n-L's to fail.. McCain was directly tied to the bailout then.. as is the republican party AND McCain tied directly to current bailout.





Deregulation only works IF the parties (in this case our banks) governs itself with a well guding moral compass. Fat cats like Keating...AND his bunch only weaken free enterprise.

Someone, in another thread - and I think it were Ray - mentioned the Democrat's deregulation policies of the 90's. OK, so what is wrong with this? Nothing, as long as these guys are not crooks. I have said this before, Paulson should resign himself from his position, as he comes from this group of Wall St. "self regulators". The wolf is guarding the hen house folks, HELP!
_________________________
"All things are our relatives; what we do to everything, we do to ourselves. All is really ONE."
Lakota leader Black Elk

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#284117 - 10/07/08 10:43 AM Re: McCain and the Keating 5 S&L Scandal [Re: Lawmage]
Ray Offline
"loyal" member

Registered: 09/22/00
Loc: Arkansas, USA
Originally by: Lawmage
Curious and curiouser...

Indeed! And you notice how it's always "John McCain and the Keating 5" "John McCain and the Keating 5" "JOHN McCAIN and the Keating 5." Makes you wonder if anyone else was involved besides a guy named "Keating" and guy named "McCain."

Could the reason for that be that John McCain was the only Republican in the group? So for the benefit of the rabid, John McCain was "exonerated." That means, to the satisfaction of those investigating the case, he didn't do it. Sort of like the "Duke University rape case." The accused weren't just found "not guilty." They were exonerated. That means the State came to the conclusion that they had been falsely accused of something THEY DIDN'T DO! Now, was the Lacrosse team party ill-advised? Most likely. Was it an "error in judgment?" Most likely. But there is a difference between a lapse in judgment and commission of illegality.

But the way, of the "Keating 5" one other of the "5" was also exonerated. Doesn't matter who, though, since John McCain is the only one who's guilty of being a Republican, right?
_________________________
"But then, somehow, they always blame America first." -- Jeanne Kirkpatrick

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#284119 - 10/07/08 10:53 AM Re: McCain and the Keating 5 S&L Scandal [Re: Ray]
Chocolategenii Offline

Domestic Affairs Moderator

Registered: 10/03/06
Loc: California
Ray, the stars are not aligned up for McCain these days. Unfortunately for him (the Keating scandal was years ago) his involvement with Keating, regardless how innocent, plays a role in today's environment. Right now the public has this big urge to punish those that caused their 401k's to diminish to the point as retirees they may have to work at Burger King to make ends meet (if Burger King is hiring). Americans want retaliation, and McCain is caught in the crossfire.
_________________________
"All things are our relatives; what we do to everything, we do to ourselves. All is really ONE."
Lakota leader Black Elk

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#284136 - 10/07/08 02:54 PM Re: McCain and the Keating 5 S&L Scandal [Re: Chocolategenii]
JOE Offline
new member

Registered: 09/04/08
I feel if John McCain was exonerated, then let it be!
Hopefuly he learned from his lesson. John McCains record has been clean for years. Let the man be!

John McCain has my vote! McCain/Palin for President 2008

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#284146 - 10/07/08 04:32 PM Re: McCain and the Keating 5 S&L Scandal [Re: Lawmage]
Myrddin Offline

Sci/Tech Mod


Registered: 01/17/04
Loc: Earth, Solar System, Milky Way
Was Obama's stand/actions on those issues judged serious enough to get a reprimand the same as McCain received? Is not McCain's pass transgression more serious?
_________________________
In varietate concordia - EU motto

For small creatures such as we the vastness is bearable only through love.
- Carl Sagan

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#284148 - 10/07/08 04:38 PM Re: McCain and the Keating 5 S&L Scandal [Re: Myrddin]
Ray Offline
"loyal" member

Registered: 09/22/00
Loc: Arkansas, USA
Originally by: Myrddin
Is not McCain's pass transgression more serious?

Which "transgression" would that be?
_________________________
"But then, somehow, they always blame America first." -- Jeanne Kirkpatrick

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#284198 - 10/08/08 04:34 PM Re: McCain and the Keating 5 S&L Scandal [Re: Ray]
Myrddin Offline

Sci/Tech Mod


Registered: 01/17/04
Loc: Earth, Solar System, Milky Way
A person being under a corporations influence is not a mistake, if this person is a politician? Should such cosy relationships be welcomed?
_________________________
In varietate concordia - EU motto

For small creatures such as we the vastness is bearable only through love.
- Carl Sagan

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#284201 - 10/08/08 05:09 PM Re: McCain and the Keating 5 S&L Scandal [Re: Myrddin]
Ray Offline
"loyal" member

Registered: 09/22/00
Loc: Arkansas, USA
Pretending a politician is not supposed to know or associate with anyone holding a position of responsibility in a business is rather naive and/or counter productive to effective economic legislation.

If you want to know some of the ins and outs of Major League Baseball, are you going to consult with owners and managers, or are you going to limit your knowledge of the industry to the totality of the bat boy's experience?
_________________________
"But then, somehow, they always blame America first." -- Jeanne Kirkpatrick

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