...helped along with Pub deregulation and lack of enforcement...10 years of "Deregulation!!" and "Corporations know best!" gets you this EVERY TIME!! Ay caramba...Keating Five, S+L Crisis, huge deficits, fraud, bubbles, and a great recession. The myth of Pub business sense is a farce...
You're blaming the Keating Five on the Republican Party?
Do you know which party each Senator involved was in? I do:
Alan Cranston, D-CA
Dennis DeConcini, D-AZ
Donald W. Riegle, D-MI
John Glenn, D-OH
John McCain, R-AZ
From Wikipedia:
Lincoln Savings and Loan collapsed in 1989, at a cost of over $3 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings. The substantial political contributions that Keating had made to each of the senators, totaling $1.3 million, attracted considerable public and media attention. After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings, with Cranston receiving a formal reprimand. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
Picture and historical credits
The only Republican involved did not do what was claimed he did, and he proved it to the Senate Ethics Committee.
You need to get your facts correct before you start slinging serious mud around. This week, I completed work on 6 quilts for a Russian orphanage. No offense, but it is important to me to do what I can to help our two countries get along, including straightening out this kind of a political error that is egregious and based in emotion, not in fact.
Please do not sling mud at people who are your country's friend when they are called upon to help. I've been to Russia. I know the Russian people have had hardships, but they also have friends who value their role in bringing about world peace, which is sorely needed.
All you need is love to heal a rift. Anger to the point of being blind to the facts should be lessened when all the facts are on the table and nothing is hidden.
There's no doubt in my mind, some Republicans have made mistakes, and that is front page news in the liberal media. When Democrats make mistakes, their story is ignored, or placed on page 63 at the bottom where the greater public is least likely to take any notice, as the words are soft. The words delivered against any Republican are glaring, harsh, and melodramatic. Don't be deceived by America's mad dog partisan press.