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Old 10-05-2008, 09:45 PM
 
Location: Y-Town Area
4,003 posts, read 5,513,927 times
Reputation: 3454

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http://keatingeconomics.com/ (broken link)

Short clip on John McCain and Keating economics and
our financial crisis.
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Old 10-06-2008, 11:31 AM
 
573 posts, read 741,889 times
Reputation: 199
Default Keating Economics/Fraud: McCain Youtube Video - 13 minutes


http://farm4.static.flickr.com/3173/2918409709_d62d859cdb_m.jpg (broken link)
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Old 10-06-2008, 11:34 AM
 
Location: Y-Town Area
4,003 posts, read 5,513,927 times
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Default ***

McCain has no business being President especially during this
economic crisis and after what he did in the past !
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Old 10-06-2008, 11:36 AM
 
31,612 posts, read 39,327,050 times
Reputation: 14231
Is the full video up yet?
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Old 10-06-2008, 12:06 PM
 
Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
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Default Here's the Keating video ...

Keating Economics (http://keatingeconomics.com/ - broken link)
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Old 10-06-2008, 12:27 PM
 
552 posts, read 1,045,724 times
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Very interesting.
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Old 10-06-2008, 12:31 PM
 
31,612 posts, read 39,327,050 times
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I thought it was very well done
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Old 10-06-2008, 12:32 PM
 
Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
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Those parallel lines are pretty darn parallel eh???
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Old 10-06-2008, 12:39 PM
 
69,366 posts, read 61,808,522 times
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I'm a little confused, isnt it the Obama campaign and the Democrats claiming that "guilt by association" isnt fair?

In addition, the website says that "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 to the banks to make risky loans and profit by bending the rules."

Wrong.. The Keating scandal was caused by a lack of regulation, the current scandal is caused by providing to much capital to special governmental entitlements that Mae/Mac had, while over regulating the rest of the financial industry. The collapse took place when the government put into place socialism, (not the free market) by having the government buy up notes and debt encouraged by greed.
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Old 10-06-2008, 12:43 PM
 
Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
Reputation: 8117
Quote:
Originally Posted by pghquest View Post
I'm a little confused, isnt it the Obama campaign and the Democrats claiming that "guilt by association" isnt fair?

In addition, the website says that "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 to the banks to make risky loans and profit by bending the rules."

Wrong.. The Keating scandal was caused by a lack of regulation, the current scandal is caused by providing to much capital to special governmental entitlements that Mae/Mac had, while over regulating the rest of the financial industry.
The unregulated credit default swap market was the underlying cause. The swaps were actually insurance, but they couldn't call it insurance becaus the insurance industry is heavily regulated ... swaps are unregulated.

60 minutes did an excellent explanation of the entire debacle last night.
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