This is a MUST VISIT website…
http://www.keatingeconomics.com/
No wonder John McCain says he doesn’t understand the economy. He was in cahoots with the Charles Keating where 20,000 Americans lost their savings when the Savings and Loan failed. John McCain pushed for deregulation then and he continues to push for deregulation now. And speaking of now, the taxpayers were presented with another bailout to the tune of $700 billion. John McCain still supports deregulation and he wants to deregulate health care and he wants people under the age of 55 to put their Social Security money in a failing stock market.
John McCain, bad for the economy.
Shorter video below:
UPDATE: John McCain and Charles Keating:
(excerpt from Rolling Stone – referencing John McCain’s first run for Congress)
To finance his campaign, McCain dipped into the Hensley family fortune. He secured an endorsement from his mentor, Sen. Tower, who tapped his vast donor network in Texas to give McCain a much-needed boost. And he began an unethical relationship with a high-flying and corrupt financier that would come to characterize his cozy dealings with major donors and lobbyists over the years.
Charlie Keating, the banker and anti-pornography crusader, would ultimately be convicted on 73 counts of fraud and racketeering for his role in the savings-and-loan scandal of the 1980s. That crisis, much like today’s subprime-mortgage meltdown, resulted from misbegotten banking deregulation, and ultimately left taxpayers to pick up a tab of more than $124 billion. Keating, who raised more than $100,000 for McCain’s race, lavished the first-term congressman with the kind of political favors that would make Jack Abramoff blush. McCain and his family took at least nine free trips at Keating’s expense, and vacationed nearly every year at the mogul’s estate in the Bahamas. There they would spend the days yachting and snorkeling and attending extravagant parties in a world McCain referred to as “Charlie Keating’s Shangri-La.” Keating also invited Cindy McCain and her father to invest in a real estate venture for which he promised a 26 percent return on investment. They plunked down more than $350,000.
Video link here…(wait for the commercial to end)
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