Monday, October 06, 2008

John McCain and the Making of a Financial Crisis

THE FULL 13-minute documentary is live. It outlines John McCain's role in the savings and loan scandal known as Keating 5 that cost U.S. taxpayers $2.6 billion. The full site,, has all sorts of downloadable documents and whatnot.

The McCain campaign's response? Via Americablog:

The Keating Five Investigation was "a political smear job on John [McCain]." WTF? He called Howell Heflin, who led the hearings, a "stooge" of the Democratic machine out to get poor, innocent John McCain.

Well. This is what the pathological liar said in his book, Worth Fighting For:

I made the worst mistake of my life by attending two meetings, the first with the chairman of the Federal Home Loan Bank Board, the government agency charged with regulating the practices of the nation’s savings and loans, and a week later with four bank examiners based in San Francisco who were at that time investigating the investment and lending practices of Lincoln Savings and Loan of Irvine, California, owned by my good friend and generous supporter Charles Keating.

And this is what the pathological liar said last year:

I was judged eventually, after three years, of using, quote, poor judgment, and I agree with that assessment.

So today, he's basically saying, by taking no responsibility for his role in Keating 5 that his entire image as a reformer is based upon a boldfaced lie.

But wait, there's more. The campaign has also launched and that gives the user all sorts of information the corporatist media has failed to cover about McCain throughout this campaign.

Unlike the McCain campaign smears, they include facts, not innuendo.

We need our country back. Check out these resources and pass them along.

Related Article
John McCain: The Most Reprehensible of the Keating Five

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