Wednesday, October 8, 2008

The McCain / Keating 5 Video

Here's an interesting video about Sen. John McCain's central role in the savings and loan scandal of the late '80s and early '90s.

We had heard he was a member of the "Keating Five," and we had a vague idea that Charles Keating went to jail for looting savings & loans. But this little history lesson -- the $3.4 billion hit to the taxpayers, the fraud, and the complicity of Senator McCain -- bears a chilling resemblance to the failures in our economy today.

It's easy to follow the money in this one:
Keating ---> $ ---> McCain

Another thing we didn't know: "John McCain is the only major party presidential nominee in US history to have been rebuked, censured or otherwise admonished after a Congressional ethics investigation."

More here.

Go to McBrooklyn's HOME PAGE.

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