McCain's "Keating 5" Scandal Involvement To Be Higlighted By Obama Campaign

[AFA]

McCain's "Keating 5" Scandal Involvement To Be Higlighted By Obama Campaign

The Obama campaign, in an effort to combat increasingly negative attacks by the McCain camp, is launching an aggressive, multi-pronged effort to highlight McCain's involvement in the "Keating 5" savings-and-loan scandal:

Sen. Barack Obama (D-Ill.) on Monday will launch a multimedia campaign to draw attention to the involvement of Sen. John McCain (R-Ariz.) in the "Keating Five" savings-and-loan scandal of 1989-91, which blemished McCain's public image and set him on his course as a self-styled reformer.

Pushing back against what it calls McCain's "guilt-by-association" tactics, the Obama campaign is e-mailing millions of supporters a link to a website, KeatingEconomics.com, which will have a 13-minute documentary on the scandal beginning at noon Eastern time on Monday. The overnight e-mails urge recipients to pass the link on to friends.

The Obama campaign, including its surrogates appearing on radio and television, will argue that the deregulatory fervor that caused massive, cascading savings-and-loan collapses in the late '80s was pursued by McCain throughout his career, and helped cause the current credit crisis.

http://www.huffingtonpost.com/2008/10/05/mccains-keating-5-scandal_n_132103.html

 

[AFA]

Wow! Watch the vid on the page above.

William Black -- a deputy director of the Federal Savings and Loan Insurance Corporation during the "Keating Five" scandal that nearly ended McCain's political career -- says the Arizona Republican's chief errors at the time were underestimating the importance of regulation and relying too heavily on slanted advice from captains of industry.

"In the S&L crisis, he took his advice from the worst [kind of] criminal. Charles Keating is the person he went to for his policy advice," Black said. "Now, he certainly is getting advice from Phil Gramm, Carly Fiorina, Rick Davis -- the whole group of economic and top political advisers are lobbyist types. He just doesn't seem to get it, ever, that the advice is going to favor their clients. Even if they just stop being lobbyists, you can't just turn that off instantly. It's their mind state that develops. ... The biggest lesson is that, when you deregulate and de-supervise, you create an environment where control fraud emerges. You hyper-inflate bubbles; you get criminalization."

 

[Friday on my mind]

Well his whole outlook and that of the republicans since at least Reagan is the wealthy interets know best how to run things and should not be interfered with in any way.Deregulation is power to he vested interests and power always corrupts.Hard to see how someone like McCain who believes in such a philosophy could possibly be seen as the person to to reign in the corrupt interests that have us and the world on the verge of an economic calamity.

 

[AFA]

CNN ticker said another 100 banks are set to fail, so this is the tip of the deregulated iceberg.

 

[Torre82]

CNN ticker said another 100 banks are set to fail, so this is the tip of the deregulated iceberg.

Whoever wins will inherit a legacy, all right.

Bush is sorta burning some bridges before he leaves office. Invest in campbell soup. They'll make it thru this with a few more dollars in their pocket every day.

 

[Jagger69]

I despise this type of political mudslinging but it is a totally typical republican strategy that worked quite nicely against Dukakis and Kerry so I am very glad to see Obama returning the favor in kind. The McCain campaign is devoid of any appreciable difference between themselves and the current administration so it is perfectly logical that they would start a smear campaign to divert attention from the real issues. For Obama not to allow them to get away with it is, unfortunately, necessary and a prudent political move.

 

[AFA]

I despise this type of political mudslinging but it is a totally typical republican strategy that worked quite nicely against Dukakis and Kerry so I am very glad to see Obama returning the favor in kind. The McCain campaign is devoid of any appreciable difference between themselves and the current administration so it is perfectly logical that they would start a smear campaign to divert attention from the real issues. For Obama not to allow them to get away with it is, unfortunately, necessary and a prudent political move.

After showing a good deal of patience I might add.

 

[Friday on my mind]

After showing a good deal of patience I might add.

Well just look around this board.The anti Obama crowd wants to talk about Ayers or being a muslim or some other diversion from the real issues.It's unfortunate that so many fall for such things and and very often vote on such but its a fact.Obama must fight fire with fire.Don't be swift boated!!!!

 

[Torre82]

After showing a good deal of patience I might add.

a huge deal of patience I might add.
~ CORRECTED.

Well you know what the Obamster told us long ago, right? Sometimes you just gotta brush..

Well just look around this board.The anti Obama crowd wants to talk about Ayers or being a muslim or some other diversion from the real issues.It's unfortunate that so many fall for such things and and very often vote on such but its a fact.Obama must fight fire with fire.Don't be swift boated!!!!

It isnt so much that we buy into lines that're being told to us about McCain and Bush.. it's that it's so friggin' obvious that the repubs have nothing concrete to really pin on Barack. I'm halfway surprised McCain hasnt let the N word slip in public once or thrice.

 

[AFA]

The emails I get from the Obama people are all rational explainations of US problems and possible solutions talking highly about his character.

The emails I get from the McCain people tend to be racist, misleading, with his face on bumper stickers wearing a muslim outfit like Bin Laden's, distorting his name, or falsely making a big deal over the new paint for his leased plane which painted over the earlier exisiting flag on the tail wanted by the former leasee.

These are two clearly distinct groups of people. In the Bush 2 campaign, it was said that the higher educated part of the population tended to go for Gore, while the lesser went for Bush. :dunno: Does that say something more about the division of party lines in this election?

 

[Friday on my mind]

a huge deal of patience I might add.
~ CORRECTED.

Well you know what the Obamster told us long ago, right? Sometimes you just gotta brush..



It isnt so much that we buy into lines that're being told to us about McCain and Bush.. it's that it's so friggin' obvious that the repubs have nothing concrete to really pin on Barack. I'm halfway surprised McCain hasnt let the N word slip in public once or thrice.

I don't know about the "N" word but count on more subtle ways to remind us he's black for sure.One of the things that I saw recently that bothered me a lot was on Fox.They were discussing the so called "controversy" over the moderator Gwen Ifill and her book, she moderated the Palin debate.She is a black woman and they kept fading in a little picture of her face in and out at the bottom of the screen.I got the clear message,black woman,black man running for president ,you know they are in cohoots don't you white america.Of course she did a fine job moderating but Fox still made their point.

 

[don_equis]

The media loves to refer to him as "first african american" or "black nominee" and it seems like he has no problem with it, so I think he has made it about race.

I do love this mudslinging going I grew up watching people go after each other throats because of their beloved candidates. Let's see how much of big boys McCain and Obama can dish it and take it!

 

[Friday on my mind]

The media loves to refer to him as "first african american" or "black nominee" and it seems like he has no problem with it, so I think he has made it about race.

I do love this mudslinging going I grew up watching people go after each other throats because of their beloved candidates. Let's see how much of big boys McCain and Obama can dish it and take it!

Its just a statement of fact,he is the 1st.Just like JFK was the 1st catholic or Lieberman was the 1st jew or Ferraro was the 1st woman on a ticket.Obama has tried hard to not be seen as the "black" candidate but there is no denying and it should not be denied he is black.

 

[don_equis]

Its just a statement of fact,he is the 1st.Just like JFK was the 1st catholic or Lieberman was the 1st jew or Ferraro was the 1st woman on a ticket.Obama has tried hard to not be seen as the "black" candidate but there is no denying and it should not be denied he is black.

and white... Believe me I know the **** that you have to go through when growing up multiracial and I have until this day been pick by blacks for not being dark enough or whites for not being white enough..you just accept that you are an hybrid and people are quickly to want you to claim you when you are popular.

 

[tubuler]

Check these numbers out.\/

If you had purchased $1,000.00 of Nortel stock one year ago,
it would now be worth $49.00.

With Enron, you would have $16.50 left of the original
$1,000.00.

With WorldCom, you would have less than $5.00 left.

If you had purchased $1,000.00 of Delta Air Lines stock, you
would have $44.00 left.

If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1,000.00 worth of **** one year
ago, drank all the ****, then turned in the cans for the aluminum
recycling refund, you would have $214.00.

Based on the above, the best current investment advice is to *****
heavily and recycle.

This is called the 401-Keg Plan.

If McCain gets elected, then the 401-Keg plan will become my sole investment strategy.