Quote:
Originally Posted by Jesus H Christ
Yep. Was wondering when someone would pick up on this. If you read the article the Bush family was chin deep in it too:
http://en.wikipedia.org/wiki/Savings_and_Loan_crisis
Lincoln Savings and Loan
The Lincoln Savings led to the Keating Five political scandal, in which five U.S. senators were implicated in an influence-peddling scheme. It was named for Charles Keating, who headed Lincoln saving and made $300,000 as political contributions to them in the 1980s. Three of those senators - Alan Cranston, Don Riegle, and Dennis DeConcini - found their political careers cut short as a result. Two others - John Glenn and John McCain - were rebuked by the Senate Ethics Committee for exercising "poor judgment" for intervening with the federal regulators on behalf of Keating.[10]John McCain is a Republican candidate in the 2008 U.S. presidential election.
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They could run some really nasty ads on this. The timing - given the current banking crisis - could be perfect.