News Intelligence Analysis

 

 

From keatingeconomics.com

Keating Economics: John McCain and the Making of a Financial Crisis

 

 

See this important short documentary here

Here are documents on the Keating matter:

 

1. The ABC's of John McCain and the Keating Savings & Loan Scandal

2. John McCain's Letter on behalf of Keating to James Baker

3. John McCain's first letter on behalf of Keating to Edwin Grey, Banking Regulator

4. John McCain's third letter to Edwin Grey on behalf of Keating

5. John McCain's letter to Sec. of Treasury Ronald Regan on behalf of Keating

 

 

 

The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.

John McCain was accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association. The bipartisan Senate Ethics Committee launched investigations and formally reprimanded Senator McCain for his role in the scandal. Today, 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.

At the heart of the scandal was Keating's Lincoln Savings and Loan Association, which took advantage of deregulation in the 1980s to make risky investments with its depositors' money. McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry -- actions that allowed Keating to continue his fraud at an incredible cost to taxpayers.

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.

 

 

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Strategies, Communication and 
Propanda Techniques

Sarah Palin Used Tax Dollars to Fund
Dominionist Churches
by dogemperor

Over the past few days, I've done reporting on Sarah Palin's
extensive dominionist connections--Including the attempt to
run her as a "stealth" dominionist candidate and her connections
to some scary dominionist groups including not just "Joel's Army"
folks but a far-right Christian Reconstructionist political party linked
to domestic terrorism.

Also the link will lead to a Yurica Report editor's note that in turn
links to a startling video, titled "Palin's Churches, Thomas Muthee,
Witchcraft and the Third Wave," by Bruce Wilson that includes
portions of Sarah Palin's talk to the Master's Commission at Wasilla
Assembly of God. Also the link will allow you to see another startling
video by Bruce Wilson titled, "Palin and the Holy Laughter Annointing."

For the complete text of Sarah Palin's amazing talk to the Master's
Commission in Wasilla click here:


  
Sarah Palin's Church Speech

  
Text Transcript of Sarah Palin’s
  Speech of June 8, 2008 

  at "Master’s Commission" of Wasilla, Alaska

  Text transcript
  of remarks made by Alaska Governor 

  Sarah Palin speaking at the Master’s Commission 

  At
  the Assembly of God Church in Wasilla, Alaska on 

  June 8, 2008.

  
 

  
The Sarah Palin Strategy:

  
Upon learning the news, Matthew
  Staver, Chairman 

  of Liberty Alliance Action, Chairman of Liberty Counsel 

  and Dean of Liberty University School of Law said of 

  the choice, "Absolutely brilliant. . . ."The excitement


  was palpable among conservative leaders when they 

  heard that Gov. Palin was Sen. McCain's choice for 

  Vice President. There is a high level of optimism among 

  conservative leaders that the McCain-Palin combination 

  is a ticket that will
  connect with values voters."

  

  
See these
  directories also:

  
 

  
Directory on the Rise of Christian Dominionism
Directory on Religious Trends

  
 

  
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