The Black Political Review

Keating Economics

The past is an ironic conundrum…..the further you run from it the more likely it will be something you run in to.

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Comments on: "Keating Economics" (2)

  1. The evidence, from the admittedly “Liberal” New York Times, as well as the very “Liberal” PBS Online News Hour PROVES that this pathetic and unfounded attempt to smear McCain with the crimes of Keating is unmitigated BUNK!

    1) Although McCain had dealings with Keating (who was a constituent in McCain’s district), McCain was NOT connected in ANY WAY to the CRIMES committed by Keating (and even The New York Times ADMITTED IT).

    2) McCain did NOT support, IN ANY WAY, Keating’s request for regulators to ignore his violations (much less eliminate the regulations).

    3) In FACT, even the New York Times admits that the Keating scandal ONLY involved Democrats (which is precisely why the Dems were so DESPERATE to lynch the ONLY Republican they could even REMOTELY connect to Keating)!

    Quoting the New York Times:

    “The special counsel to the Senate Ethics Committee has recommended that the panel clear two of the five Senators under investigation for their links to the savings and loan debacle, Congressional officials said today.

    In a confidential report submitted to the committee on Sept. 10, the special counsel, Robert S. Bennett, concluded that there was not adequate evidence to merit a full-scale investigation of John Glenn, an Ohio Democrat, and John McCain, an Arizona Republican, several officials said.”

    “If Mr. McCain is dropped from the investigation, the political implications could be significant: He is the only Republican under scrutiny, and Republicans could portray the scandal as a Democratic one.”

    4) Quoting the very “Liberal” PBS Online News Hour:

    “The Senate Ethics Committee concluded that Glenn and McCain’s involvement in the scheme was minimal and dropped the charges against them. In August 1991, the committee ruled that the other three [DEMOCRATIC] senators had acted improperly in interfering with the Federal Home Loan Banking Board’s investigation.”

    Click here for the UNDENIABLE FACTS on what REALLY caused the current housing mess (AND the Keating related S&L mess).

  2. Strange bed fellows but the same rumple in the hay. We could look and various down turns take the saving and lone scandal of 1987 including the Lincoln and Silverado S&L. The names associated with these rotten deals are Senators McCain, and four democratic senators Glen, Cranston, Deconcini, and Riegle were named the insiders or rascals in that deregulation case. The under cover private interest were names like Keating, Neil Bush [the president’s son] and Alan Greenspan financial advisor. Some were smeared some walked and some were promoted as the actions cost the American taxpayers Billions of dollars. The records will tell you that Cranston was reprimanded; Reigle and Deconcini critized; Glenn and MaCain cleared.

    Today we see the same type of players. Losing or stealing the values and investments of American people while they bail-out in their golden parachutes. Some Republicans and some democrats. The American public is told that they should look on and not say a peep like we are at some political debate or town meeting.

    This problem of deregulation is one of the major problems and none dare call it conspiracy. To critize and not provide better solutions is as much a fruad. So let me say the American solution require the American to take more notice, understand his risk, and involve himself in restoring a new sense of fairness in our dealing both financial and morallyl.

    To many Americans condone evil, theft, and fraud in those who we select to represent us at home, in the banks and abroad. We had to look closer at our choices and allow our dollars to vote for us before we have no votes at all.

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