Cranky Cracker John McCain is desperate to change the subject away from the tanking American economy during these last 29 days before the election. So the McCain campaign has decided to try and paint Barack Obama as a shady character with shady associates. Ooooohhhh … he’s a scary black guy with scary black friends!!!
But John McCain has his own shady associations – and the biggest of them all has been Charles Keating, former chairman of Lincoln Savings and Loan. John McCain was a member of the infamous “Keating Five”.
From Wikipedia:
The Obama campaign has produced a 13-minute video which explains the Keating Five scandal, and John McCain’s involvement in it. Please pass it along to people who might still be considering to vote for John McCain.
But John McCain has his own shady associations – and the biggest of them all has been Charles Keating, former chairman of Lincoln Savings and Loan. John McCain was a member of the infamous “Keating Five”.
From Wikipedia:
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
Lincoln Savings and Loan collapsed in 1989, at a cost of $2 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings. The substantial political contributions that Keating had made to each of the senators, totaling $1.3 million, attracted considerable public and media attention. 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, with Cranston receiving a formal reprimand. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
The Obama campaign has produced a 13-minute video which explains the Keating Five scandal, and John McCain’s involvement in it. Please pass it along to people who might still be considering to vote for John McCain.
We cannot afford four more years of the same.
6 comments:
LOVE YOU!!! :::watching now:::
does Cranston strike you as a closeted gay? Just wonderin....
GO OBAMA!!!!!
Beth -
I never thought of that - but maybe...
XOXOXOXOXO
Elisabeth the Fox News Mascot on the View was especially annoying today talking about Ayers and trying to make a big deal out of that. She glossed over the Keating Five, of course. She and Sarah Palin run over to Fox for do-overs and comfort where they can spout their BS and get drooled all over by those guys there.
@joy ugh, i know! i saw the clip (which is frankly all of her i can take) on huffington post... it makes me all the more sorry that rosie is off the show b/c she was really the only one who could beat elizabitch @ her own game (and make her cry, which yes, i relished).
@chef the city -- My mother told me about the show tonight. (She and her mom never miss "The View.") She pointed out that Joy was not on today. We think, that even though Rosie is no longer around, that if Joy had been there, Joy would have ripped Elizabeth a new one.
@Beth -- Now I'm kind of wondering. Most of Cranston's time in the Senate, I was too young to notice. Now looking back, I think you may be onto something.
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