DISQUS

AngryOne · 1 year ago

Karl Marx famously said that historical events occur twice, first as tragedy and the second time as farce. Truer words were never spoken of John McCain's new-found support for a Mortgage and Financial Institutions (MFI) trust, the very type of agency he strenuously opposed until just this week. But completing the tragic-comedy is the fact that McCain is now inadvertently shining a spotlight on his own dark past in the 1980's Keating Five scandal, an episode central to the last massive federal bailout of the U.S. financial system.

For the details, see:
"McCain Support for New Trust Resurrects Keating Five Role."

lastDem · 1 year ago

Gee, talking about the economy hurts McCain, so lets have a big boom and talk about that all week end.

sukabi1 · 1 year ago

someone should go through the archives and pull up McCain's votes on financial regulation / deregulation over the last 20 years and start hammering him on HIS RECORD, KEATING, and his role in the present mess...

MNUSA · 1 year ago

McCain showed his true stripes during the Primaries. He was just plain mean to Mitt Romney. He sounds like he will say anything that will damage Obama whether it is true, close to true or just a plain lie. He has sold his soul to win this election.

vkobaya · 1 year ago

Only humans have souls.

gumbygirl · 1 year ago

The bill for the Keating mess was a mere 3 billion. This time, they're saying 700 billion, and no doubt it will actually be a lot more. John McCain should have been tossed in prison for his role in Keating, and maybe we could have avoided this mess now.

Wild_Weasel · 1 year ago

On November 4th, America will not be electing a President. We will be electing a janitor to clean-up the mess made by Bush, a Republican Congress for 6 of the last 8 years, and a series of bad decisions made by Republicans and Democrats over the last couple decades.

HereinDC · 1 year ago

I know you meant well.....but don't call Obama a janitor..... ( if you know what I mean)

Indigo · 1 year ago

And gol-durn proud of it! What a hick. With a hick running mate and a botox wife.

lilyannerose · 1 year ago

Talk about getting caught with the old britches down to your knees.

Isn't it just endearing how we are being ,more or less, told to trust the same chickens who allowed this mess to happen to take the emergency steps to put the lid on it.?

HereinDC · 1 year ago

And I thought we would have no news this weekend....
This is great stuff!!!!!

RichardCranium1 · 1 year ago

here is another reason to Vote Obama ! In an interview this month this is what McCain said he would do for healthcare I still can't believe he said it but here's a moron in action for you . It comes from the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries, in an article by McCain titled "Better Health Care at Lower Cost for Every American." "I would also allow individuals to choose to purchase health insurance across state lines, when they can find more affordable and attractive products elsewhere that they prefer. Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation. Consumer-friendly insurance policies will be more available and affordable when there is greater competition among insurers on a level playing field. You should be able to buy your insurance from any willing provider—the state bureaucracies are no better than national ones. Nationwide insurance markets that ensure broad and vigorous competition will wring out excess costs, overhead, and bloated executive compensation." "So McCain, who now poses as the scourge of Wall Street, was praising financial deregulation like 10 seconds ago and promising that if we marketize health care, it will perform as well as the financial industry!" Did you catch the important line there AS we have done over the last decade in BANKING yes what THEY HAVE DONE IN BANKING !!!!