Why the Media Silence over John McCain's involvement in The Keating 5?
By John Amato Monday Sep 22, 2008 11:50am
As FOX News tries to link Obama to all sorts of ridiculous things, Jonathan Alter makes a good point with KO.
ALTER: [Y]ou remember the Keating Five scandal that he was a part of, which, by the way, it's crazy but there's been very little about it in the press in the last few weeks. And McCain thinks he's getting a hard time, he's really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country. But his reaction to that, you would have thought, would have been more regulation of the financial services industry. Instead he moved forward on campaign finance reform after being caught in that scandal, but did nothing - nothing -to try to prevent another savings and loan crisis from happening down the road. He was missing in action when it came to even learning the basic lessons of a scandal that he said taught him all kinds of things that he would never forget.
Doesn't the media believe this is a relevant story being that we're in a huge economic meltdown? Can you imagine the media scrutiny if a Democratic politician had been linked to this scandal and ran for President? A new movie called Third Term will be released soon which goes into detail about the whole Keating5---John McCain connection. Please read this post (with video) if you missed it and then start demanding that the media cover McCain's past connection to the Keating 5 scandal and and see if the American people want him to lead them out of the economic chaos we're facing today...It was the biggest S&L scandal in American history at that time...
NARRATION: All of this corporate influence should remind you a bit of a previous tale in the McCain saga, his involvement with the Keating 5. Charles Keating was a sort of mentor of John McCain, donating vast sums of money to his senate campaigns.
DAVID DONNELLY: Charles Keating helped out Senator McCain a lot in the early part of his career. … Senator McCain was the closest of any of the Keating Five to Charles Keating.
NARRATION: But Keating was in trouble. His company, Lincoln Savings and Loan, was making a lot of risky investments, and the government was investigating.
ANDREA MITCHELL: Keating raised $1.3 million for them. They challenged regulators who were investigating his operations.
NARRATION: So Keating called some of his old pals in the Senate to put a little pressure on the government regulator and get them off his back. McCain accepted.
NARRATION: Lincoln collapsed, leading to a bailout of $2.8 billion in taxpayer money. Keating went to prison for four years. McCain was only chastised on the Senate floor.
DAVID DONNELLY: …people who lost life savings through the scandal. There were, people who… pensioners who lost their money because those savings and loans went belly-up.
MITCHELL: Keating became a symbol of the worst financial scandal in history and the worst ethics scandal in the history of the senate.
NARRATION: He did not learn his lesson. The S&L collapse was a failure of adequate regulation, with the banks running wild, making dodgy investments with high risk-high reward margins. If that sounds familiar, it should.
DAVID DONNELLY: Fast-forward twenty years to now, we have a huge mortgage crisis on our hands, it’s the result of years and years and years of a deregulatory approach that Senator McCain has supported.
NARRATION: It’s the same thing that’s happening now, as banks fail, and as our housing market collapses. And the people responsible for this new crisis are the ones McCain has surrounded himself with, men like Phil Gramm and his banking lobbyists. He will offer the same kind of deregulatory policies that led to the banking collapse of the early ‘90s.
CHRISTIAN WELLER: Well, Mr. McCain would take the worst economic policies from the Bush administration and put them on steroids. … we would get not only the same that we’ve had for the last seven years, we would get actually the same, just a little degree worse than we had before.
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tell it to the TIMES.
But that was a long time ago, back when JMac had a shred of sanity left.
Short attention span theater.
No Brittany tie-in.
Yeah, taught him all sorts of POLITICAL things he wouldn't forget.
You know, like the Republican lesson from Watergate, don't get caught (Karl Rove's lesson from his Nixon years scandal as well).
This issue will come up. Patience.
The MSM are just getting around to mentioning Carly Fiorino's compensation package and doing it very slowly.
Mentioning the Keating Five would mean they would actually have to research something.
Guess what, the media aren't fair, no news there.
The things the media won't report, it's up to the Obama campaign to bring them up. That's how adulthood works. I imagine the Obama campaign has lots of things up its sleeve that will be trotted out when they think the time is right. This might or might not be one of them, depends on whether they think it will help get them elected.
The point is to get elected, not to sit in the back of the class and whine "It's not fair!" If that's what you want to do, go work for Nader.
McCain is an original sinner.A hollow man.A disgrace.
John Wayne @ 5:
Exactly...
You can't hide the smell of this disaster from McCain's resume for long considering what's happening right now....
Media Also Fails to Report McCain's Most Blatant Lobbyist ‘Ties’
http://satiricalpolitical.com/?p=1533
Why? because they are being paid $$$ to not make it a big deal.
Didn't Charles Keating wind up playing Count Dooku in The Clone Wars and Revenge of the Sith?
Liberal AND Proud Says: Didn’t Charles Keating wind up playing Count Dooku in The Clone Wars and Revenge of the Sith?
Or was that Chertoff?
"There's really five companies that control 90 percent of what we read, see and hear." - Ted Turner founder of CNN
"The Central Intelligence Agency owns everyone of any significance in the major media." - former CIA Director William Colby
Q. Why the Media Silence over John McCain’s involvement in The Keating 5?
A. Because The CFR controls American media
Palin bans reporters from meetings with leaders
NEW YORK - Republican vice presidential candidate Sarah Palin, who has not held a press conference in nearly four weeks of campaigning, on Tuesday banned reporters from her first meetings with world leaders, allowing access only to photographers and a television crew.
Orangutan. @ 14:
The Center for Forest Research owns the media???
ldzppln @ 15:
That television crew wouldn't happen to be from Pox Network by any chance?
Yellow Elephant Safari @ 16:
NO. It's called the Council on Foreign Relations..!!
Obama should just blow off the first question on Friday's debate and instead just start telling the whole K-5 story and how McSame was at the heart of it.
what's he got to lose,McSame will do the same thing. they will ask him about the economy and he will talk about being a POW. What's the difference ?
Uppity Blue Lensman @ 2:
Was that the time he confessed visiting a brazilian hooker?
HOw THIS for a debacle of an Administration...
President - John McCain
Vice President - Sarah Palin
Secretary of State - Joe Lieberman
National Security Sec. - Richard Armitage
Treasury Secretary - John Silvia
Commerce Secretary - Carly Fiorina
Justice Secretary - Lawrence Eagleburger
Homeland Security - Warren Rudman
Education Secretary - Lisa Keegan
White House Counsel - Trevor Potter
White House Spokesman - Mark McKinnon
This is ridiculous! Palin banning the MSM? Who the F**k does she think she is? Cheny? If this woman gets in, we are screwed.
€Punk @ 20:
correction: when he had a pre-marital affair with a brazilian model...
Liberal AND Proud @ 21:
Since you put it that way...
Gawd I am going to be so Canadian....
If this topic were in the open, McUsedtobe would have the same 28% approval rating as Bush, and the pundits would have nothing to talk about.
ldzppln @ 15:
There's some update on the subject;
http://www.huffingtonpost.com/2008/09/23/networks-revolt-against-r_n_128...
Which would be considered a ray of hope...
Discussion of McCain's prior criminal activity by the media is "off the table."
ldzppln @ 15:
Check update;
http://www.huffingtonpost.com/2008/09/23/networks-revolt-against-r_n_128...
Brazilian hookers have been known to be she-males.
IS Mcsame sure he wants to bring this back up ?
'Dr. Wu Says: Discussion of McCain’s prior criminal activity by the media is “off the table.”"
"You miserable trollop, where are my teeth?" - John McCain
"Off the table, dear." - Cindy McCain
If I were the Obama camp I would certainly not wait on the Media. A barrage of ads will get the media on the ads at least right away. And a third grader could write those spots.. .easy money there
Why the Media Silence over John McCain’s involvement in The Keating 5?
Probably because silent movies was all Buster Keaton made.
Sweet White Jesus. Simple answer is 'NO!' The so called liberal media in this country is in the tank for Republican talking points. Why do you think big media is killing itself?
Obama fired this across McShit's bow the other day. I wonder what McCrook has planned to say about this.
nicethugbert Says: Obama fired this across McShit’s bow the other day. I wonder what McCrook has planned to say about this.
What was the McCain response? Raise his hands, ask for medical attention and cigarettes and sign a confession?
I have said this for a long time. The S&L scandal and the Keating Five seem very similar to this meltdown now. McCain has been given a pass by the media. No one ever mentions this. The Obama campaign needs to get on the ball.
ldzppln @ 15:
i heard that.........just a photo opportunity...were going
to be down to 30 days and palin hasn't answered
questions......it's unbelievable to me. Palin could
become the president as early as january/09
The very reason I canceled my cable subscription and rarely watch the local and national news on basic anymore. This has also helped wing me off the mind numbing garbage that's on TV these days. A win/win. When I want the truth and fair and balanced political coverage I turn to the blogs now.
If Obama were involved in this scandal you would be hearing about it in the traditional corporate media 24/7. There is absolutely no doubt about that.
Ruthless People @ 38:
Try the foreign news too...great source of information....sometimes you can pick up on great tid bits....
P.D. @ 22:
do you actually think palin made the decision? it's a question of who's controlling the strings. meanwhile, the dems are trying their best to screw up another election with absolute nonsense sputtering out of the mouths of biden and clinton. maybe we should ban the msm from biden.
Ruthless@39, Very true. What about Palin's preacher problem? The Wright coverage was relentless. But Palin gets a pass. Disgusting.
It would be great if Obama went after him on this, why wouldn't he?
My guess is that it would be damaging to the democrats, since 4 of the Keating 5 were democrats.
either way, it's a scandal that shows the real McCane (as in needs a cane)
I used to watch the BBC on PBS, but about three weeks ago they stopped broadcasting it and had a pledge drive. Why should I pledge if they don't show my show?
Show nuff.
I can't stand network morning news with all the flirting and joking and giggling like amped up 12 year old girls.
And the newswomen are even worse.
Didn't Frank Rich mention it in his op-ed this past Sunday?
Is the Coast Clear?--- @ 40:
i agree with you. i learn much by listening to BBC world
service,reuters and world financial markets.
pissed off patricia @ 45:
I found his article. He did bring it up about Keating 5
ysbaddaden @ 44:
On your public broadcast channels (usually your education channels) they have foreign news broadcasts, such as DW news, French news, and others...
SassySandy @ 36:
Be careful what you pray for - remember, the other Keating 4 were Dems.
October surprise
To make this a campaing talking point, the Dems will have to do an end-run around the main stream media as they are so detached from reality as to be diagnosed as psychotic by any member of the American Psychiatric Association (whatever one thinks of those 19th century ideologues). The internet is, of course, the medium for this. Another motherlode for strategy is to do a search on Tricky Dick Nixon's "rat-fucking" disinformation and illegal activities that he used early in his career. He was a master.
rick street @ 41:
In case anyone would like to see some links showing Biden and Clinton "screwing up":
http://www.politico.com/blogs/bensmith/0908/Biden_No_coal_plants_here_in...
http://seattletimes.nwsource.com/html/politics/2008195867_apbillclintonp...
I don't know about you guys and gals, but between Bill and Hillary Clinton's MULTIPLE public fawning statements about McCain (and Palin), and now Biden's flip-flopping on the coal question, (memo to Biden: the primary is over), which has made the Democratic ticket look STUPID, I'm beginning to wonder if the Clinton's and Biden aren't out to sabotage Obama. Am I the only one wondering WTF??!
http://news.bbc.co.uk/2/hi/americas/7626471.stm
Read this for all kinds of scary.
http://news.bbc.co.uk/2/hi/americas/7626471.stm
Read this for all kinds of scary
Sorry if this is a double post, my first one seems to have disappeared into the intertubes.
Am I banned? None of my comments are showing up. Did I offend someone?
http://news.bbc.co.uk/2/hi/americas/7626471.stm
Fanon @ 53:
Yes, I'm offended that you think that you offended me. Welcome to the world of political correctness, a low-level attack on freedom of speech by the left and the right, both of which are ideologies that are driven by inevitability and require passivity on the part of the citizenry.
clabber grrl @ 7:
People are already voting; if he is going to use it, he'd better do it soon.
I wonder if all this was part of his brainwashing by the Soviet interrogators in Vietnam? Like, "Capitalism is bad. When you get back home, you will work inside the system to sabotage it. It is bad. Your father wants you to do this. Who am I? Say, 'You're my dad.'"
"You're my dad."
"And this will be our secret -- right, son?"
"Yes, dad. I'll never tell."
This is why Obama could not pick Hillary. There would be a neverending stream of reporting on Whitewater, Travelgate, Monicagate, Rose Law Firm, etc. The repugs and their lapdog media outlets would have no qualms about rehashing these pseudo issues 24/7.
Rollo Tomassi @ 49:
So McCain is bipartisan in a bad way?....
Doesn't have anything to do with Obama----what's your point?...
In all fairness; wasn't McCain pretty much cleared of legal wrongdoing and dismissed with merely a reprimand?
53 Fanon Says: Am I banned? None of my comments are showing up. Did I offend someone?
Yes, the Gremlins from the Kremlin:
http://www.youtube.com/watch?v=D1xqrdtJs8w
ahhh... well, that's because THAT scandal and the subsequent RTC bailout (until that time, the largest single gummint funded bailout... er, well, until the current repug-created fiasco) is old news...
after all - john mccain's father in law and wife doing business with Keating and all the lost FSLIC deposits and crap literally pales in comparison to the (utterly discredited) tony rezko "scandal"...
at least it does if you're a repug...
At about 6:10 this morning on MSNBC - Joe and the group:
Mika started to say "Keating" and stopped. It looked like she was under orders not to use the words "Keating 5"
"In all fairness; wasn’t McCain pretty much cleared of legal wrongdoing and dismissed with merely a reprimand?"
Yes he was reprimanded on the Senate floor.
McCain was the only Republican out of the five and along with John Glenn was cleared of impropriety but criticized for poor judgment. So the hesitation of bringing it up may be by choice of both campaigns, as in "lets not go there".
Good question. Plenty of dirt there, for McCain, his current wife, and her father, too.
i guess its morally acceptable to steal the life savings of ordinary americans...
close personal friends keating and mccain are both hypocrite scumbags /
down with big government right?
more on keating from wiki:
Anti-pornography crusading
In the late 1950s, Keating founded the Cincinnati-based, self-described anti-pornography organization Citizens for Decent Literature, later Citizens for Decency through Law. In 1960 he testified about pornography before Congress.
In 1964 – 1965, he produced the movie Perversion for Profit. It was a survey of then-available pornography, and presented an assertion that linked pornography to an alleged decline of culture and to what it claimed was the depravity of youth.
In 1969, President Richard Nixon appointed Keating to the President's Commission on Obscenity and Pornography. The study found no scientific proof of pornography's corrupting effects. Keating unsuccessfully attempted to stop publication of the commission's recommendations with a restraining order. Failing in that effort, he filed a dissenting report, stating "One can consult all the experts he chooses, can write reports, make studies, etc., but the fact that obscenity corrupts lies within the common sense, the reason, and the logic of every man."
In 1971, Keating tried to prevent the showing in Cincinnati of the film Vixen!, produced by film-maker Russ Meyer claiming that it was pornographic. Keating's assertion was rejected and his attempt to ban the film failed. Keating was also instrumental in the ineffective obscenity prosecution of pornographer Larry Flynt in 1976 in Cincinnati.
according to mcKeatingFive, the press is in the tank for Obama.
and while we are asking questions,why the blackout on Biden?
Is the Coast Clear?--- @ 40:
I'd like to try foreign news - but - where do I get it?
[Just to keep this thread on topic-TRY THE INTERNET. I assume you have access. No one else needs to answer this question-Sitemonitor]
Why are the Democrats not mentioning McCain's inclusion in the Keating 5 scandal?
That's an excellent question. I asked myself that question a few months ago, so I researched "the Keating 5 scandal"...
http://en.wikipedia.org/wiki/Keating_five
...and discovered/recalled that the other four senators involved in the scandal...
Alan Cranston (D-CA)
Dennis DeConcini (D-AZ)
John Glenn (D-OH)
Donald W. Riegle (D-MI)
...were all Democrats.
Could that be why today's Democratic Party would rather not bring up the self-damning Keating Five scandal?
When a nation of 300 million people are restricted to only two major political parties, this kind of incestuous corruption is the predictable result. Mainstream US politics is NOT the dilemma of "voting for the lesser of two evils". It is the evil of voting for two lessers.
R.I.P. US Empire... and good riddance.
Is the Coast Clear?--- @ 40:
You're right. the
LondonGuardian is a good source. Damn shame in this day in age we have to go to foreign press for "fair and balanced" coverage.[It's the Manchester Guardian. Or 'The Guardian.' As a Mancunian descendant, I feel it's necessary to point this out. The Guardian is owned by a trust, not an individual-Sitemonitor]
...and since the Democrats are not mentioning the Keating Five scandal, our corporate-owned and controlled mainstream media stenographers are obediently taking their cue about what is and is not "appropriate" investigative journalism.
Not much of a mystery here.
Wikipedia seems to be exceptionally nice to McCain on this matter.
Yet, this article published in 1989 gets into a lot more detail.
http://www.phoenixnewtimes.com/1989-11-29/news/mccain-the-most-reprehens...
jamit2me @ 66:
And found to have used "poor judgment". Considering the tenure of Dubya, I suspect that's the latest prerequisite for being Prez.
true dat. this guy is getting the bush free ride in many respects
If I hear one more Dem extol the virtures of McInsane, I'm going to throw up! Somebody tell me what gives, please. Every chance MacLooney-tunes gets a chance, he cracks a cat-o-nine tails over the Dems backs. So why are they honoring a dishonorable man? Didn't he first steal his navy buddy's wife and children (Cathy Swanson and her two sons), then ditch her for blonde-addict heiress Cindy (aka trophy wife) because poor pretty Cathy was mangled in a car accident and wasn't pretty anymore! Shallow and callous! What I do know--shame on Bill and Hillary Clinton for avowing ad nauseum that "John McCain is my friend." Wasn't it enough that he called Chelsea "ugly and fathered by Attorney General Janet Reno"? How can you forgive him for that mean-spirited "joke"? Ok, so the Clintons don't really like Obama. We get it! But c'mon, have some respect for yourselves.
Among all the independent groups, from labor unions to MoveOn.org to People for the American Way, can't somebody put together a rock band called the "Keating Five" and dog every McSame campaign appearance? Or at least great him at every airport? Tactics like that are how the GOP has undermined the Democrats election after election, only in their case they were telling lies and smears. In this case, the history of the Keating Five is on the record and undisputed. And as for the other four being Dems, so what? McSame was the lead player, represented the state where the biggest sham development financed by Lincoln Savings was located, and had the most intimate tie-ins with that pompous right wing swine Keating.
John Amato,
Why question only the media ? Why doesn't Obama bring this up?
I'm really starting to feel like Obama is running a miserable John Kerry campaign. You couldn't ask for a better item in the news to take advantage of than this financial meltdown and how the last time we had one McCain was in the thick of it.
If we lose, the Obama campaign is responsible for a large chunk of the blame.
Now on digg: http://digg.com/2008_us_elections/Why_the_Media_Silence_over_McCain_s_Ro...
Why isn't anyone "swiftboating" him on his Farragut days where he killed over 150 people.
P O W
This has been another edition of rhetorical questions.
Where is the "personal" story? Who did Keating cheat out of their life savings? Are they still mad? Do they like McCain? Where are they?
I Googled Cindy McCain, from her bio she was a teacher and also a bookkeeper for Charles Keating that did the HUGE Saving & Loan SCAM that cost the American public MILLIONS. She COULD NOT FIND receipts while she worked for Keating [and she was the BOOKKEEPER]. She never met Mother Theresa, Mother Theresa was in Mexico, then went onto California at the time.
John McCain has 7 children, where are they? The only family photos are with his children from his marriage with Cindy. You don't see Cindy's 2 other sisters either.
GOTTA BE PROUD OF THE OLD WHITE GUY>......
it was the Keating 5...... not the Keating 50000.....
and John THE BUSH REPUBLICAN McCain got his OWN NUMBER... i think he was #4
.....they retired the jersey.... it's gotta be worth a Brazillion Dollars by now
..........they are also going to retire FIRST DUDE'S PARTNER'S DICK......
check out the enquirer...... a paper i trust more than i trust
her denials !!!
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