posted
Considering what is happening with financial institutions and AIG, would it be fair game for the media or Obama to bring up the Keating 5 scandal? Bush brought it up in the 2000 election. McCain spoke with Time Magazine in March of this year about it.
McCain Recalls the Keating Five
By AP/LARRY MARGASAK Monday, Mar. 24, 2008
(WASHINGTON) — Sen. John McCain's ethics entanglement with a wealthy banker ultimately convicted of swindling investors was such a disturbing, formative experience in his political career that he compares the scandal in some ways to the five years he was tortured as a prisoner of war in Vietnam.
McCain also had carried a little water for Keating in Washington. While in the House, McCain, along with a majority of representatives, co-sponsored a resolution to delay new regulations designed to curb risky investments by thrifts such as Lincoln.Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
McCain with direct links to AIG? Check this out from Mark Faulk:
_______________________________________________
The ties to AIG and the government are stronger than people think. This is from an article I posted last week. Feldstein is one of McCain's top economic advisers, and has been on AIG's BOD since 1987. I might write up something on that tomorrow. I added the part in parenthases yesterday:
Marty Feldstein was a leading candidate to replace outgoing Federal Reserve Board Chairman Alan Greenspan in 2005, but is believed to have been passed over because he was a board member of AIG, which restated five years of financial reports by $2.7 billion the same year. AIG paid a $126 million fine to the SEC and a $1.6 billion settlement to the state of New York for soliciting rigged bids for insurance contracts from insurers. (Author's note: On Monday, September 15, AIG's stock dropped another 60% amid serious financial troubles, from a high of over $70 a share to a close today of $4.73) Former chairman of the White House Council of Economic Advisers R. Glenn Hubbard and President Bush's top economic official Lawrence B. Lindsey, both worked as assistants for Feldstein at Harvard.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
If he becomes Prez he is just a figurehead because the voters will be voting for Palin and not him though he thinks its for him... but that doesn't matter because neither one of them will win... and no I don't think he's the "man" or "woman" for the job... none offers any solutions that are viable to our problems... just mudslinging and lies about themselves and/or what they accomplished...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
If McCain should win, he won't be the figurehead president long......he's real old and real sick, so Palin will become the the real figurehead soon. Sadly, there is no evidence that she has any abilities with figures, Indeed, the evidence says she can't handle figures at all, just lipstick.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Machiavelli: If he becomes Prez he is just a figurehead because the voters will be voting for Palin and not him though he thinks its for him... but that doesn't matter because neither one of them will win... and no I don't think he's the "man" or "woman" for the job... none offers any solutions that are viable to our problems... just mudslinging and lies about themselves and/or what they accomplished...
What real solutions have been presented by the Dumocrat's? I've seen Bama can deliver a speech I'm just not hearing anything except Bush bashing.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed part of the Glass-Steagall Act, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.
The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services. Other major mergers in the financial sector had already taken place such as the Smith-Barney, Shearson, Primerica and Travelers Insurance Corporation combination in the mid-1990s. This combination, announced in 1993 and finalized in 1994, would have violated the Glass-Steagall Act and the Bank Holding Acts by combining insurance and securities companies, if not for a temporary waiver process [1]. The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the financial services industry.
quote:Originally posted by Lockman: please don't try and pull that old Dem/Lib trick of planting fake quotes.
I'd like to know because McCain will be the next President and I believe down deep you know he's the man for the job.
The next thing you know Joe Biden will be repeating Sarah Palin's speeches and calling them his own.
Well, since you mention it, it seems that the opposite is happening. Wasn't McCain running on Expirence and Obama on Change? Well, McCain is now running on change. Wasn't Obama for regulation and McCain against regulation, now McCain is for regulation.
Up until now, if anyone is stealing ideas it's the McCain Campaign.
If you are really interested in where the candidates stand and their policies you might start with this site.
posted
Mccain represents ZERO change. Phil Grahm stuck his foot in his mouth a couple months months ago by calling US a nation of whiners, or he'd still be McCain chief economist, he may still be...
"You've heard of mental depression; this is a mental recession," Gramm told the Times. He noted that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."
"We have sort of become a nation of whiners," Gramm said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
however, i have ZERO doubt that Gramm is still right int he middle of McCains decision making process...
almost ALL of the problems on Wall St can be laid at DR Gramms "policy feet"...(that's right he's one of those people that got too darned edjerkatud, Phd in Economics no less)
he was a prime mover in breaking down the firewalls installed in the regulatory system after the CRASH of '29...
McCain is doing the biggest flip-flop in the history of US politics...
he is making Kerry look stable and reliable...
i am unsure what change Obama represents...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Sure it makes a difference on his involvement with Keating.
But almost all politicos have a past. As long as we allow people of money to give them gifts it will always be that way.
Didn't McCain say he was going to stop this kind of activity? Isn't he up to his armpits in it?
I am sure glad the polls are slowly turning as these to nuts get exposed more and more.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
"that's right he's one of those people that got too darned edjerkatud, Phd in Economics no less" and a damned Aggie. What more needs to be said?
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by bond006: Thats what our country need is four more years of Republicans.
I agree.
What a party line parrot and fool you are .
Don't you understand that altering post in order to misquote and misrepresent people, particularly when their actual statement is right above and available to everyone, is a resort of a mentally defective joke.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Lockman: It was done first by a couple of your dumocrat friends. I didn't hear you object then.
That's not surprising. You are a Party line republican regurgitating the offal they feed you, believing it to be fact.
When actual information is being played, you are hopelessly tone deaf and can't hear the tune, let alone recognize the information.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Lockman: It was done first by a couple of your dumocrat friends. I didn't hear you object then.
That's not surprising. You are a Party line republican regurgitating the offal they feed you, believing it to be fact.
When actual information is being played, you are hopelessly tone deaf and can't hear the tune, let alone recognize the information.
Lets face it you only have objection to anyone that doesn't follow lock step with your dumocrat ideals. I understand this and compensate for your obvious flaw.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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quote:Originally posted by Lockman: It was done first by a couple of your dumocrat friends. I didn't hear you object then.
That's not surprising. You are a Party line republican regurgitating the offal they feed you, believing it to be fact.
When actual information is being played, you are hopelessly tone deaf and can't hear the tune, let alone recognize the information.
Lets face it you only have objection to anyone that doesn't follow lock step with your dumocrat ideals. I understand this and compensate for your obvious flaw.
No, I'm not like you. I think.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
You are a party line republican parrot, which explains why you can't maintain decorum and always resort to insults and name calling instead of information.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Lockman: Your upset by name calling?
And what information do you provide.... oh the stuff you spew from the Dumocrat reading list.
Quoting some pol from once up;on a time, "THERE YOU GO AGAIN"...
Like I said, you resort to name calling and insults instead of providing information.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
I didn't really think you had the depth to know what you are doing.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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