7 responses so far ↓

• 1 BILked // Oct 6, 2008 at 7:25 pm

  I haven’t watched this yet but I heard all day on TV that Senator McCain and Senator Glenn were exonerated from the S&l scandal.

  All they got was a tongue lashing from the U.S, Senate.

  So are you promoting partisan propaganda?

• 2 BILked // Oct 6, 2008 at 8:07 pm

  Oh My God.

  http://elections.foxnews.com/2008/10/06/middle-school-teacher-suspended-obama-frat-spat/

  http://www.youtube.com/watch?v=LSvBCBnulLs

• 3 kilowat // Oct 6, 2008 at 10:49 pm

  Keating spent time in prison and john got off with the help of four republicans and one democrat they exonerated them

  Quote John
  I created the appearance of impropriety so it was my — I was guilty, and therefore did not represent the people of my state in the manner which they expected of me. [CNN, Larry King, 10/12/02]

  The biggest mistake that I made in my life was attending a meeting with four other senators and four regulators because of the appearance of impropriety, and it is something that will always be a mark on my record, and something that people will judge me for the rest of my life. [GOP Presidential Primary Debate, 1/7/00]

  Despite my recovery, the Keating Five experience was not one that I have walked away from as easily as I have other bad times. Twelve years after its conclusion, I still wince thinking about it and find that if I do not repress the memory, its recollection still provokes a vague but real feeling that I had lost something very important, something that was sacrificed in the pursuit of gratifying ambitions, my own and others’, and that I might never possess again as assuredly as I once had. [McCain, Worth the Fighting For Page 204]

• 4 BILked // Oct 6, 2008 at 11:22 pm

  Son of a bitch. A politician expousing honest feelings. What a breath of fresh air.

  He was still exonerated.

  I don’t see Obama being open and honest about his less than perfect associations.

• 5 Robin // Oct 7, 2008 at 12:20 am

  It shouldn’t come as any great surprise that fellow Congressional Reps and/or Senators would not truly punish one of their own. But those in a position to know what he did and how he interfered with regulators have not exonerated McCain.

  It is a former regulator who discusses his motivation in the documentary. He warns of the creation by McCain and others of a “perverse system that allows people to lie”. McCain’s role is further criticized because he was “uniquely in a position to stop this” but did nothing. ” Senator McCain exercised poor judgement in intervening with regulators” was the official finding.

  This is a system that may have started in Washington in the 80′s and 90′s, but has now made its way into many organizations — I can’t help but see the similarities to how U of L has handled its Felner crisis. Leadership and those in a unique position to stop Felner did nothing. They perpetuated a perverse system that allowed people to lie.

  Just like the S & L crash could have been stopped 2 years and several billion dollars sooner; so could Felner have been sent packing in 2006 before he had a chance to steal federal grant money and deplete human and financial resources of the CEHD and the University. But instead of acting responsibility, they exercise poor judgement.

  This is a perverse system and it has infiltrated government, education, and business.

• 6 Bruce Maples // Oct 7, 2008 at 6:30 am

  It’s a well-done political documentary (facts used to make a point) about the Keating S&L scandal. Good history lesson for anyone who doesn’t know about that event.

  The Obama campaign, through surrogates, warned the McCain campaign not to turn to personal attacks and guilt by association, or they would respond with their own salvos. Palin dropped the “Obama hangs out with domestic terrorists” line on Friday and Saturday, and this video went up on Monday — at its own web site, http://www.keatingeconomics.com.

• 7 Dan // Oct 7, 2008 at 12:28 pm

  The only reason that McCain got off as lightly as he did was because he fell through the cracks. The Senate didn’t want to expel him for things he had done while he was in the House, and the House considered it out of its jurisdiction because McCain had become a Senator by the time the scandal broke.

  Yes, the other four implicated were Democrats, but none of them had taken multiple vacations with Keating, paid for by Keating. McCain had. None of the Democrats had had their wives’ families investing in Keating’s real estate ventures; Cindy McCain’s did.

  McCain did much more than “attend a meeting”, but, as per usual, he devoted himself to spinning the narrative in his favor.

Leave a Comment