Tuesday, March 18, 2008

Great Moments in McCain-Is-Insane History: The Keating Five Scandal

Maverick? Campaign Finance Reform Advocate? Straight-talker?

How about member of the Keating Five?

And no, it's not a basketball team. Or a polka band.

Let us go way back to the heady days of the late 1980s, a time before blind people knew George Michael was gay. Back in these silly, innocent times, instead of hedge funds, people with way too much money on their hands invested in savings and loan associations, which in turn invested in real estate. Like hedge funds, the "experts" making the investments made colossally bad bets and lost other people's money. One of these idiot investors was a man named Charles H. Keating, Jr, who headed the Lincoln Savings and Loan Association.

Well. Turns out that after accepting a substantial donation from Keating, after his family invested over $300,000 in Keating's business and got all buddy-buddy, and after multiple rides in Keating's personal jet (in violation of Congressional rules), McCain interceded on his behalf multiple times with the Federal Home Loan Bank Board. Bad move. According to the New York Times, the collapse of Lincoln Savings and Loan cost taxpayers $3.4 billion.

In the end, despite these shenanigans and breaking multiple ethics rules, McCain got off light, with a criticism from the Ethics Committee for "questionable conduct."

Questionable indeed.


Anonymous said...

Umm...can we just discuss for a moment how hilariously bad these Google Ad Sense ads are?

Seriously Google Nerds. You've got to figure out a way to flag SATIRE.

Just click on some. They're like the best comedy ever.

enigma4ever said...

you do know that you have ALL McCain Google ads? I laughed so hard when I saw that.....thank you for stopping by Watergate Summer....so the big question is is there any way to measure how insane he really is ? today ooooooopsa was he susposedly got "Extremists" mixed up with Al Queda ( and had to be corrected aka babysat by Leibermann......ouch)

How Insane Is John McCain? said...


I know! I love it! Google totally thinks I'm in the bag for McCain.

Thanks for stopping by. And yeah, got today's gaffe a little farther down.

Green Cosmic Rabbit said...

Great Anti-McCain Blog...going to link it over on my John McSame 4 President Blog.

Anonymous said...

Epic fail. As is typical with brain-dead libtards, facts never get in the way of your idiotic libel, do they?
Keating Five blah blah blah. Everyone, even the moronic mainstream media AND (!) the Democrats who aren't personally invested in lying for Hillary/Obama, knows that the Keating Five issue is a losing one. But then, historical revisionism is an old, tried, and true Stalinist tactic that the Left has never managed to abandon in favor of good policy and truth.

Good luck with that, kids--you'll need it! (Same goes with the "gaffe," as well.)

How Insane Is John McCain? said...


I'm thrilled that a crazy Republican finally left a comment on the blog. What took you guys so long???