The Question Obama will not answer

Discussion in 'Congress' started by CrimsonWhite, Oct 9, 2008.

  1. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    Illuminating.

     
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  2. DavidS
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    DavidS Anti-Tea Party Member

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    I have to say, I kind of agree with this. Obama has my vote, but he does have a pattern of associating himself with extremists.
     
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  3. PeterS
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    PeterS Active Member

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    So if Obama repented...what? What exactly is Obama supposed to repent for? Did Obama commit a crime? Did Obama's association with Ayers incite others to commit a crime?

    But there is someone inciting crime:
    And John McCain is associating with her and is totally unrepentant!
     
  4. Inferno
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    Inferno boatwoman

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    Ayers is only an alleged terrorist. He was never found guilty in a court. He may have said he did something but many people for many reasons admit to things they did not do. The US has presumption of innocence. You are innocent until proven guilty here.

    Rezko was looked into during the primary and there was found to be no wrong doing.

    Rev Wright is a pastor in a church that does a lot in the hood. They help a lot of people including gang members. Wright does go over the line at times. Just because you got to a church does it make you responsible for all the crimes or statements of the pastor.

    If you went to one of the Catholic churchs where the priest had sex with a child are you guilty of that crine as well. If the pastor of your church says that you should vote for McCain are you guilty for staying there and not reporting that he broke the law. It's the same thing.

    Maybe nonsense like this wouldn't be an issue if McCain were a real candidate that had solutions to the real problems.
     
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  5. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    He doesn't have to repent. However, he should at least be candid about this.
     
  6. PeterS
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    PeterS Active Member

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    Why? Obama and Ayers sat on the same board for an anti poverty group. What exactly is he supposed to be candid about?
     
  7. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    He should come out and say that. However when questioned, he replied with that guy just lives in the neighborhood. When in fact, Ayers threw him a campaign party, they served on the same board together, among other interpersonal transactions that they have had. The only reason Ayers is an issue is because Obama wasn't up front to begin with.

    Personally, I still don't care, but like DavidS said. It does show a pattern.
     
  8. Chris
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    Chris Gold Member

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    In 1972, Charles Keating began to work for American Financial Corporation, a company involved in insurance and banking. Four years later he moved to Phoenix, Arizona to run the real estate firm American Continental Corporation, a spin-off of American Financial Corp. In 1984, American Continental Corporation bought Lincoln Savings. Such savings and loan associations had been deregulated in the early 1980s, allowing them the opportunity to make highly risky investments with their depositors’ money, an opportunity of which Keating took advantage. Specifically, Keating directed the violation is the direct investment rule, regulating the amount of investments that can be owned by savings and loans. Keating had accounting violations to the tune of $650 million dollars, the largest in the history of the FTC, and greatly leading the banks to peril.

    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 (whose wife, Cindy McCain, was a business partner of Keating) — 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] Keating's contributions, by his own admissions, were to immunize the violations of the direct investment rule. 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]

    In 1985, Keating hired Alan Greenspan as an economic consultant, in an unsuccessful effort to convince an oversight agency to exempt Lincoln Savings from certain regulations. Greenspan delivered a favorable report, writing that Lincoln Savings was “a financially strong institution that presents no foreseeable risk to depositors or the government.” (Greenspan produced similar favorable reports on numerous other banks that also failed soon after.) [3]

    In 1989, American Continental Corporation, the parent of Lincoln Savings, went bankrupt. More than 21,000 investors, most of them elderly, lost their life savings (in total about $285 million.) This occurred largely because they held securities backed by the parent company rather than deposits in the federally-insured institution — a distinction apparently lost on many if not most depositors until it was too late. The federal government covered almost $3 billion of Lincoln’s losses when it seized the institution. Many creditors were made whole, and the government then attempted to liquidate the seized assets through its Resolution Trust Corporation, often at pennies on the dollar compared to what the property had allegedly been worth and the valuation at which loans against it had been made.

    In 1989, Keating was subpoenaed to testify before the House Banking Committee, but refused to answer questions, invoking his right against self-incrimination under the Fifth Amendment to the United States Constitution.[4][5]


    [edit] Legal consequences
    Keating blamed government regulators for the failure of Lincoln Savings and filed suit in order to regain control over the bank. The suit was dismissed in August 1990, with the judge calling the seizure fully justified because of the looting of the institution by Keating and his associates.

    In September 1990, Keating was criminally charged with having duped Lincoln's customers into buying worthless junk bonds of American Continental Corporation; he was convicted in state court in 1992 of fraud, racketeering, and conspiracy and received a 10-year prison sentence. In January 1993, a federal conviction followed, with a 12-and-a-half year sentence. He spent four-and-a-half years in prison, but convictions were eventually overturned. Thereafter, on the eve of the retrial on the federal charges, Keating pleaded guilty to several felony charges in return for a sentence of time served.

    http://en.wikipedia.org/wiki/Charles_Keating
     
    Last edited: Oct 10, 2008
  9. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    And?
     
  10. Chris
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    Chris Gold Member

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    Jim Hensley and his brother Eugene went to work after World War II for Kemper Marley, a wealthy wholesale liquor distributor. Marley, in fact, had once been a bookie, getting his start working for the Transamerica Wire Service, a betting service established by mafiosi Gus Greenbaum (who was murdered with his wife when their throats were slashed in bed in 1958). Until 1947, liquor was rationed by the government. Apparently Marley did quite well in spite of the restrictions, and in 1948 the reason why became clear. Eugene and Jim Hensley were convicted of falsifying records on behalf of Marley's distributorship, United Liquor (along with fifty other Marley employees) to conceal the illegal distribution of hundreds of cases of liquor. Jim Hensley got a six month suspended sentence.

    In 1953, Jim Hensley, then the General Manager for United Liquor, was once more charged for doing the same thing again. Marley paid for top notch legal representation though (future Supreme Court Chief Justice William Rehnquist.) Hensley still went to prison, but took the fall when the rest of the company was cleared. According to an article in American Mafia.com, Marley rewarded Hensley for his loyalty to the organization:

    When Hensley strolled out of the joint, Marley bought his silence with a lucrative Phoenix-based Budweiser beer distributorship.

    That distributorship and the rest of Marley's empire did very well over the decades for both Hensley and Marley, making both men multi-millionaires.

    In fact, Marley was interested in more than just liquor. In 1976, then Gov. Raul Castro, a Democrat, appointed Marley, then a billionaire and the state's richest man, to the state racing commission.

    And that's when one of those pesky investigative reporters got in the way. The reporter's name was Don Bolles and he worked for the Arizona Republic. Bolles discovered a land fraud ring and other crimes that appeared to lead to Sen. Barry Goldwater and other movers and shakers in Arizona. And he discovered that Kemper Marley, newly appointed to the State Board Racing Commission, had connections to the Mafia. In fact, Marley was a close associate of Peter Licavoli, the mob boss for Arizona. Marley had also served as Chairman of the Board for Valley National Bank, which helped bankroll Bugsy Siegel's construction of the Flamingo in Las Vegas. Digging into Marley's past also uncovered his earlier work for Gus Greenbaum. The revelations forced Marley to resign from the commission.

    And Kemper Marley and his associates in the Mafia weren't people whose business you interfered with lightly.

    On June 2, 1976, Bolles climbed into his car and was blown apart by a bomb under the driver's seat. Pieces of his body were strewn around the parking lot. Bolles amazingly survived for eleven days and said to investgators on the scene, "They finally got me. The Mafia. Emprise. Find John (Harvey) Adamson."

    http://tiodt.blogspot.com/2006/12/married-to-mob.html
     

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