keating 5

Discussion in 'Politics' started by chapstic, Aug 22, 2008.

  1. sealybobo
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    sealybobo Diamond Member

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    Some regulators noted the danger posed by these deregulations and pushed for more oversight, but Congress refused. This may be due, in part, to the Keating Five, five Senators — Dennis DeConcini, Alan Cranston, John Glenn, Don Riegle and John McCain — who had received, for both themselves and for groups they supported, well over $1 million from Keating in the 1980s as favors and political contributions.[1] They later met twice with regulators who were investigating American Continental Corporation, in an attempt to end the investigation. (In 1991, they would be rebuked to various degrees by the Senate Ethics Committee.)[2]

    That was a S&L/Banking scandal.

    Today we are going through a Sub Prime Mortgage Crisis, which is causing another banking crisis, and it was all caused by the same thing that caused the Keating 5 scandal, GOP Deregulations!!! No oversite!

    And people think John is the safer bet on the economy? I don’t believe it. The Corporate Media is sure doing a good job for John.

    Think about how much people talk about Rezko. Rezko aint got nothing on Charles Keating.
     
  2. rayboyusmc
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    rayboyusmc Senior Member

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    And the McCain add lied. Rezko did not help Obama buy his house. Rezko bought the lot next to it. Later Obama bought if from him just to prevent this kind of right wing crap.

    McCain and his handlers are playing really dumb. This can open up the whole Keating Scandall again which is not good for mr straight laced.
     
  3. chapstic
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    chapstic Member

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    The Seller Of Obama’s Home “Wanted To Sell Both Properties At The Same Time.” “On the same day Obama
    closed on his house, Rezko’s wife bought the adjacent empty lot, meeting the condition of the seller who wanted to sell
    both properties at the same time.” (Brian Ross and Rhonda Schwartz, “The Rezko Connection,” ABC News’ “The Blotter” Blog,
    abcnews.go.com, 1/10/08)

    Obama Later Purchased A Portion Of Rezko’s Land For $104,500; It Was Valued At $40,500. “Later, the Obamas bought
    a 10-foot-by-150-foot piece of the lot for $104,500. An appraisal put the value of the strip at $40,500, a spokesman said, but
    Obama considered it fair to pay one-sixth of the original price for one-sixth of the lot.” (Peter Slevin, “Obama Says He Regrets Land
    Deal With Fundraiser,” The Washington Post, 12/17/06)
     

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