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Subject: Keating 5 - a History lesson

Written By: ChuckyG on 10/07/08 at 7:56 am

http://www.keatingeconomics.com/

Remember the past, and the criminals responsible for the last major bank failures, or you might make the mistake of voting for the idiots that brought us the last one

Subject: Re: Keating 5 - a History lesson

Written By: snozberries on 10/07/08 at 5:14 pm


http://www.keatingeconomics.com/

Remember the past, and the criminals responsible for the last major bank failures, or you might make the mistake of voting for the idiots that brought us the last one


maybe we can forward this to Elisabeth Hasselbeck  ;D 

Subject: Re: Keating 5 - a History lesson

Written By: John Jenkins on 10/07/08 at 7:13 pm

It is appropriate to criticize Senator McCain for the poor judgment he showed 20 years ago when he (along with 4 Democrats) was one of the “Keating 5” who tried to intervene on behalf of a campaign contributor.  It would also be appropriate to point out that, since that time, he has been a crusader for campaign finance reform.  In my opinion, the McCain-Feingold Campaign Finance Reform legislation goes too far and suppresses First Amendment rights, but he learned from his mistake.

On the other hand, facts indicate that liberal Democrats, led by Senator Christopher Dodd and Representative Barney Frank, should receive much of the blame for the current financial crisis.  It should also be pointed out that Senator Obama has been the second largest recipient of Fannie Mae’s financial contributions, right after Senator Dodd.

If you suggest that neither party understands how to run the economy, you can probably make a good argument.  But if you argue that Obama and the Democrats have better solutions and would be better stewards of the economy than McCain and the Republicans, then you are ignoring the facts.

Subject: Re: Keating 5 - a History lesson

Written By: MaxwellSmart on 10/07/08 at 7:25 pm

Neither Dodd nor Frank is running for President. 

McCain is a criminal with a violent temper.  I don't want him anywhere near the red button!

Subject: Re: Keating 5 - a History lesson

Written By: danootaandme on 10/08/08 at 6:13 am


It is appropriate to criticize Senator McCain for the poor judgment he showed 20 years ago when he (along with 4 Democrats) was one of the “Keating 5” who tried to intervene on behalf of a campaign contributor.  It would also be appropriate to point out that, since that time, he has been a crusader for campaign finance reform.  In my opinion, the McCain-Feingold Campaign Finance Reform legislation goes too far and suppresses First Amendment rights, but he learned from his mistake.

On the other hand, facts indicate that liberal Democrats, led by Senator Christopher Dodd and Representative Barney Frank, should receive much of the blame for the current financial crisis.  It should also be pointed out that Senator Obama has been the second largest recipient of Fannie Mae’s financial contributions, right after Senator Dodd.

If you suggest that neither party understands how to run the economy, you can probably make a good argument.  But if you argue that Obama and the Democrats have better solutions and would be better stewards of the economy than McCain and the Republicans, then you are ignoring the facts.


McCain must have a deep understanding of Fannie and Freddie.  If you suggest that McCain and the Republicans actually care then you are ignoring the facts.


Boston Examiner

September 24, 10:03 AM

by Jay McDonough,

John McCain's campaign managers lobbying firm reportedly was receiving monthly payments from giant mortage company (now Federal bailout beneficiary) Fannie Mae as recently as one month ago.  It's known Rick Davis' company had a relationship with Fannie Mae called the Homeownership Alliance, an advocacy group chartered with the development of law favorable to broader mortgaging practices (gee, I wonder how that turned out).  That business relationship reportedly ended in 2005.

Sources now claim Davis approached Fannie Mae after the termnination of the Homeownership Alliance and asked for a continued consulting role with the mortgage firm.  From Newsweek:

Since 2006, the federally sponsored mortgage giant Freddie Mac has paid at least $345,000 to the lobbying and consulting firm of John McCain's campaign manager Rick Davis, according to two sources familiar with the arrangement.

Subject: Re: Keating 5 - a History lesson

Written By: John Jenkins on 10/08/08 at 7:18 am


If you suggest that McCain and the Republicans actually care then you are ignoring the facts.


It is interesting that you choose a quotation from another member of the "Keating 5" for your signature.

You conclude that significant payments made by Freddie Mac to a firm affiliated with John McCain's campaign manager are evidence that Republicans are apathetic about the financial crisis.  OK.

Then what do significant payments made by Fannie Mae directly to the campaign of Barack Obama prove?

Subject: Re: Keating 5 - a History lesson

Written By: ChuckyG on 10/08/08 at 8:42 am


It is appropriate to criticize Senator McCain for the poor judgment he showed 20 years ago when he (along with 4 Democrats) was one of the “Keating 5” who tried to intervene on behalf of a campaign contributor.  It would also be appropriate to point out that, since that time, he has been a crusader for campaign finance reform.  In my opinion, the McCain-Feingold Campaign Finance Reform legislation goes too far and suppresses First Amendment rights, but he learned from his mistake.


if by crusader you mean "went along with the rest of his party" then yeah, he's a real crusader

The fact is he voted to repeal Glass-Stegall act.  That piece of regulation that would have prevented the mess we're in.  The bill was passed along partisan lines by the Republicans. He's been against anything that regulates the market, and only just recently began calling for more regulation.

Democrats received 57% of the donations from Freddie & Fannie.  Which leaves 43% to the Republicans.  McCain took money too, even if he didn't get as much as other members.  If he took some, I'm sure he'd have taken anything they offered him.  They're all politicians after all.  The difference is that there isn't any evidence that Obama took the contribution and proceeded to pass legislation favorable to Freddie and Fannie.  There is however ample evidence that McCain did in the Keating case.  The 4 Democrats in the Keating case lost their re-election bids.  McCain didn't, but he also didn't learn from it.

Subject: Re: Keating 5 - a History lesson

Written By: MaxwellSmart on 10/08/08 at 7:48 pm

My point is, there's enough blame to go around for the present catastrophe, but when you find yourself in a hole, stop digging!  McCain wants to keep digging, that's the problem!

Subject: Re: Keating 5 - a History lesson

Written By: Macphisto on 10/09/08 at 10:03 pm


My point is, there's enough blame to go around for the present catastrophe, but when you find yourself in a hole, stop digging!  McCain wants to keep digging, that's the problem!

Well, he is getting closer to the grave... quite literally.

Subject: Re: Keating 5 - a History lesson

Written By: MaxwellSmart on 10/09/08 at 11:18 pm


Well, he is getting closer to the grave... quite literally.

And Sarah Palin is the shovel!
:D

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