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10-05-2008, 09:45 PM
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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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10-06-2008, 11:31 AM
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573 posts, read 741,889 times
Reputation: 199
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Keating Economics/Fraud: McCain Youtube Video - 13 minutes
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10-06-2008, 11:34 AM
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Location: Y-Town Area
4,003 posts, read 5,513,927 times
Reputation: 3454
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***
McCain has no business being President especially during this
economic crisis and after what he did in the past !
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10-06-2008, 11:36 AM
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31,612 posts, read 39,327,050 times
Reputation: 14231
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Is the full video up yet?
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10-06-2008, 12:06 PM
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Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
Reputation: 8117
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Here's the Keating video ...
Keating Economics (http://keatingeconomics.com/ - broken link)
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10-06-2008, 12:27 PM
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552 posts, read 1,045,724 times
Reputation: 186
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Very interesting.
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10-06-2008, 12:31 PM
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31,612 posts, read 39,327,050 times
Reputation: 14231
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I thought it was very well done
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10-06-2008, 12:32 PM
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Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
Reputation: 8117
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Those parallel lines are pretty darn parallel eh???
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10-06-2008, 12:39 PM
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69,366 posts, read 61,808,522 times
Reputation: 9382
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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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10-06-2008, 12:43 PM
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Location: Turn Left at Greenland
17,696 posts, read 38,289,894 times
Reputation: 8117
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Quote:
Originally Posted by pghquest
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.
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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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