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Keating Economics: John McCain and a Financial Crisis
RealTalkNY Brought To You By Nigel D. —
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 ...
William Bradley: Obama Finally Fastest In TV Ad Wars
Huffington Post Entertainment Blog —
The 13-minute Obama campaign video on John McCain and the Keating savings & loan industry fiasco.
It's all negative all the time now in the TV ad wars. For once, Team Obama has stolen a march on Team McCain in the campaign hit parade. And its attack strategy seems to be much more on the axis of decision for this election.
The McCain operation under campaign director Steve Schmidt, who I know well from his management of Arnold Schwarzenegger's landslide 2006 re-election and profiled here on Huffington Post, has been the run-and-gun outfit of this campaign. Especially when it ...
