I got an email with this information. I will let you make a decision....
When the savings and loan industry collapsed, Keating’s failed company put taxpayers on the hook for $3.4 billion and more than 20,000 Americans lost their savings. John McCain was reprimanded by the bipartisan Senate Ethics Committee, but the ultimate cost of the crisis to American taxpayers reached more than $120 billion.
The Keating scandal is eerily similar to today’s credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules. And in both cases, John McCain’s judgment and values have placed him on the wrong side of history.
Source: Keating Economics
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1 comment:
We all have skeletons in our past. McCain, through Palin’s attacks this weekend, made these kind of things inevitable. Keating and G. Gordon Liddy, two convicted felons, are just the tip of the iceberg of McCain’s friendships. http://straighttalkonmccain.blogspot.com
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