Everyone should understand what McCain did during the Savings and Loan Crisis
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- AndreaKnoll
- added this
http://suicidegirls.com/news/politics/23327/
Over the past decade, many people jumped on John McCain's “Straight Talk Express.” He appeared to be a refreshing change from all the other politicians who constantly lied. The big problem with this scenario is that McCain has always been a slimy politician and has never actually changed his ways, only the marketing of his brand. He was forced to do so because in the late 80s, his influence peddling led to American taxpayers bailing out Lincoln Savings and Loan for $2 billion. Sound familiar?John McCain is exactly what is not needed at this time in our history. As our government attempts to throw $700 billion at more failed private businesses, everyone should understand what McCain did during the Savings and Loan Crisis. To put it simply, Johnny pressured regulators to back off Lincoln Savings, even though it was making risky moves. Eventually, Lincoln was seized, many investors were out their life savings and taxpayers were footing the bill of $2 billion. Lincoln’s owner, Charles Keating was arrested.
Lincoln was the most expensive failure in the national S&L scandal. Taxpayers picked up the bill for the bailout......Click on link above for full story.
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- recommended by:
- merasyad
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marcelluswallace
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In the interest of "fairness" from the media. Shouldn't we see, at least, some little tiny thing about the Obama camp's role in some of this bailout? IF he and his handlers are "clean" that would reassure some people... Or would that be violating some unwritten law? People had better be doing their homework on who they will vote for. There will not be any straight info from the media.
- 1 year ago
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marcelluswallace
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WorldPeaceTV
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no matter what, my toast told me Obama will win!
- 1 year ago
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WorldPeaceTV
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ArcticPrince
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For your consideration....
Senator Obama received more political contribution money from now-collapsed mortgage banks Fannie Mae [Federal National Mortgage Association] and Freddie Mac [Federal Home Loan Mortgage Corp] than all but one (Charles Dodd) of the other senators and congressmen.
Soon after her husband was elected to the U.S. Senate, his wife Michelle Obama received a $195,000 raise (to $316,962 in 2005 from $121,910 in 2004); subsequently, in 2006, Senator Obama requested a $1,000,000 earmark for Mrs. Obama's employer, the University of Chicago Hospitals, where she handles "community outreach" - which is apparently akin to being a handsomely paid "community organizer" but with better contacts
When asked during the Democrat presidential nomination race how much money Chicago slumlord and now-convicted felon Tony Rezko had raised in contributions to his campaign, Senator Obama waffled and wafted like the slim timber he is and said his "best guesstimate" was $10,000 to $15,000. In fact, it was $250,000. Mr. Rezko is a long-time associate of Senator Obama and was his first substantial financial backer.
Over the past 15 years Senator Barack Obama's church, Trinity United Church of Christ in Chicago, Illinois, and its pastor, Senator Obama's "spiritual mentor" Reverend Jeremiah Wright has received $15,000,000 in grant money from the federal government.[18] Senator Obama has been a church member for 20 years.
Theres more, but you guys wont read or believe it anyway,...
- 1 year ago
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ArcticPrince
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kDrew_Productions
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"and you'll see the hypocrisy in obama and liberals blaming conservatives for things that aren't their fault... "
Right.. because the right would never do that...
The trouble with discussion like this is you assume that YOUR side is in fact being truthful. Nothing could be further from the... truth.
Both the left and the right have their propaganda machines that churn out daily false stories and half-truths about what the other side said and or did.
The reality is that you rarely get a real answer, from either side... hell you don't always get real questions.
If you're looking to "news" to make a choice, you're going to be misinformed. Depending the source, they intentionally omit or emphasize what suits their agenda.
The GOP brought on hockey mom not because she possesses brilliant tactical skills in dealing with foreign dignitaries... she was brought in to fire up the base. A calculated risk, we'll see if the Dems can capitalize on this political blunder (imho) But don't look to news as "fact".
To get the facts you actually have to read the speeches and make your own decisions. Precious few Americans are going to do that this fall.
- 1 year ago
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kDrew_Productions
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KNUCKLEUP
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and btw, if you really give a crap about legitimacy in news... read sites like drudgereport. or read anything other than the hiffington post of dailykos... and you'll see the hypocrisy in obama and liberals blaming conservatives for things that aren't their fault...
like the mortgage crisis... who were the ones who opposed the bill to regulate fannie mae and freddic mac? DEMOCRATS (including obama, hillary, and dodd who recieved some of the highest sums of money to their campaigns from both thoses financial institutions).
who voted FOR that bill?? MCCAIN.
the whole mortgage crisis could have been averted if this piece of legislation had been encated.
get yr damn facts straight. this isn't the hills or some mtv show. get over yourselves.
- 1 year ago
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KNUCKLEUP
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busterthecat
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KNUCKLEUP:
Dude, They got the facts right. John McCain was part of the group known as the Keating five!! Try googling it.
He was charged with helping one of his rich buddies (Alan Keating) who was at the center of the savings and loan crisis that was very similar to the wall street crisis today. He was found innocent of any charges (three of the others were not!!), but was criticized for using poor judgement. That's the facts! - 1 year ago
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busterthecat
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KNUCKLEUP
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SERIOUSLY?? You're linking NEWS articles to SUICIDE GIRLS???
Are you retarded??
Why would anyone trust a pack of "look-at-me-my-daddy-never-loved-me-enough-so-now-i-have-to-seek-attention-from-random-strangers-on-the-internet-but-my-actions-are-dignified-because-photographers-who-shoot-and-bang-50-other-girls-just-like-me-took-my-picture-so-somehow-that-validates-me" whores...
this is not news it's ill-informed bullcrap.
wtf, yahoo.
- 1 year ago
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KNUCKLEUP
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khromadjo
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KNUCKLEUP:
Even if you hold no relevance for the Suicide Girls, the Keating Five isn't a made-up story. Look it up and try firing off your skepticism then.
- 1 year ago
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khromadjo
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irish3
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Does this surprise anyone...only the conservative, especially the far right, seem to believe in the straight talk express. McCain and his cohorts could not tell the truth if it hit the face. The great supporter of deregulation along with his economic genius Graham and the lobbyist he has running his campaign still does not understand how the normal middle class person has taken a hit. Of course, this is man who cannot remember how many homes he has and dropped a first wife to marry a rich one and still preaches real American family values
- 1 year ago
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irish3
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KNUCKLEUP
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irish3:
fyi, real conservatives do not like mccain.
- 1 year ago
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KNUCKLEUP
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teemoney415
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Just another example of why people need to open their eyes about him. . .
- 1 year ago
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teemoney415
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rubykey
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A quick line item of "the conservative' legacy" during the past eight years...
The worst election fraud in history - the 2000 presidential election...
The first Major attack against America in the lower 48… (9/11)
The first American attack against a sovereign country in history - Iraq, all based on subversion and duplicity...there were no WMDs!
The worst federal handling of a catastrophic even in American History, Katrina...
The worst time period in American history for privatizing the federal institutions of war, education, prison, etc.
There still trying to get our social security and give it to the stock market!The largest federal debt in American history...from great prosperity to collapse in just 8 years!
The worst collapse of our mortgage, banking and lending institutions to date...
I could go on all day...i get sick to my stomach!So is this what happens when you elect two GOP ex-oilmen to run our nation?
And now the right wing wants to give us McCain, a 95% mirrored image of past failed GOP policies and Palin, who is more to the right then Bush/Cheney: an absolute dolt, no intelligence...
just more of that self-righteous underachiever garbage that Bush represents!Dump the GOP presidental race- "thats real change we can believe in!"
- 1 year ago
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rubykey
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jtanibata
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rubykey:
You hit the bullseye, I'm with you 100%!!!
- 1 year ago
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jtanibata
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MandyMonroe
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Suicide Girls have been trailblazers for an alternative political agenda in more ways than one since their inception. You may be surprised to learn it's not just about girls. Over 50% of their editorial content is cutting-edge political stuff. Like Playboy, people really do subscribe for the articles ;-)
- 1 year ago
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MandyMonroe
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apalemick
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The "source" is an article on Suicide Girls, with factual links to back up everything in it. So, what's your point?
- 1 year ago
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apalemick
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RudyRudell
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Hmmm the source is suicidegirls.com....
- 1 year ago
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RudyRudell
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Picasso9000
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McCain is the best possible Poster Child for the wealthy class. He is a doddering old fool who is an neo-con ideologue.
- 1 year ago
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Picasso9000
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SushiBandit
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aloha,
Here is a story on the photo in your story!
- 1 year ago
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SushiBandit
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huntre
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Senator McCain is not the solution.
He is part of the ongoing problem.
He will not be my next president. - 1 year ago
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huntre
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wanamoka
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Everyone needs to read this article, especially if they are unsure of how they are going to vote.
- 1 year ago
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wanamoka
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WorldPeaceTV
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Very important that this gets out to as many people as possible. I have had that 'feeling' about that guy the second time I watched him...giving him the benefit of the doubt the first time! His picture should be next to the world slimeball in Marian Websters
- 1 year ago
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WorldPeaceTV
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MandyMonroe
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Amazing. Given what's going on now, everyone who's thinking of voting for McCain should read this!!!
- 1 year ago
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MandyMonroe
