McCain and the Keating 5

You've probably heard of the "Keating 5," but you might not realize that McCain actually is one of them. This is a short (13 minute) video that explains what the Keating 5 scandal was all about, what McCain's part was in it, and how it relates to the current financial mess we're all in. The hundreds of billions of dollars that the Savings and Loan debacle ultimately cost was paid for by US taxpayers. Alarmingly similar to the current situation. Most of the video consists of clips from official hearings and interviews with the people directly involved with the scandal, so there's no spin or filtering. McCain claims the whole ordeal was a case of him being in the wrong place at the wrong time. I don't think so. If it was, it was certainly poor judgment. Judge for yourself. You owe it to yourself to spend 10 minutes of your time and watch the video to find out what this is all about. There are 3 files: The Quicktime .MOV file is the highest quality. The MP4 file is high quality, but a smaller image. The FLV Flash file is good for posting online (Facebook, etc.). http://en.wikipedia.org/wiki/Keating_Five -noia

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snuffpig666 (2008-10-08)

Obama is stuck with the Keating 5 rep John Glenn, while McCains involvement was investigated and found Nil. You forgot that this is something Pro McCain and antiobama, but thats cool- liberal radicals hate rational thought.

n0i@ (2008-10-09)

CNN Truth Squad's verdict on this video: TRUE.
I agree that Glenn was also involved in this fiasco. Fortunately he's not running for president or claiming to be a "reformer." Glenn's not even involved in Obama's campaign:

Compare to those running McCain's campaign:

My favorite is Bergman, a major lobbyist for large insurance companies and big oil, and likely behind McCain's health care plan, which would benefit only insurance companies. If I were a conservative, I think I'd be forced to abstain from voting at the very least. I'd feel the same way if the liberals put out an insane ticket like this.
I don't think a party that nominates a candidate that thinks people used to ride dinosaurs can say anything about "rational thought."

DueRegard (2008-10-09)

snuffpig has obviously not seen the documentary, though that doesn't stop him from proclaiming his mastery of the underlying facts.
Let's take a look at the report by the Senate Ethics Committee investigating the Keating 5 scandal.
From
>> In fact, the investigation ended with a rebuke that McCain "exercised poor judgment in intervening with the regulators." But the committee also determined McCain's actions "were not improper nor attended with gross negligence." >>
I'm not accusing Senator McCain of criminal activity, nor does the documentary. Rather it questions his judgment: he looked the other way as Keating looted the Lincoln Savings and Loan. Eventually, Keating was convicted, but the scandal cost the taxpayer over $3 billion.
The documentary is narrated by one a banking regulator, who felt some of the political pressure from the Keating 5 firsthand. It isn't pretty.
McCain was one of the many leaders who didn't see the current financial crisis coming, unlike Obama. But jeez, I really would like a President who at least tries to pick up on leading indicators, especially when they come wrapped in subpoenas.

atom224 (2008-10-22)

and why do you think the k street gang has given so much to mccain. It's so funny that in america it's better to be a crook than a supposed liberal. don't vote for so and so because they'll
take your guns
abort your babies
allow gay marriage
raise your taxes
all I hear is scare tactics aimed at one issue voters. If you fall for it - you're too stupid to vote.