Popeye
Well-Known Member
The Obama campaign has put up a new website, complete with video, KeatingEconomics.com which is a reminder of McCain's role in the Keating Five scandal.
Many don't remember or were too young to know of McCain's role in the scandal....everyone should check it out.
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.
The Keating scandal is eerily similar to today's credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules. And in both cases, John McCain's judgment and values have placed him on the wrong side of history.
Many don't remember or were too young to know of McCain's role in the scandal....everyone should check it out.