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Controversial Book On Obama Appears To Have Lifted Key Quote
Keating Five
FDIC Probing 50 Banks, but Still No Fall Guy for Financial Crisis
By Paul Wachter - AOL News(Nov. 17) -- Remember the savings-and-loan crisis? Charles Keating was the high-profile villain and served four years in prison for fraud. Five senators -- the so-called Keating Five, which included John McCain -- were scolded by the Senate Ethics Committee. Enron also produced some easily identifiable bad guys, most notably CEO Jeffrey Skilling and Chairman Ken Lay. Skilling is currently serving a 24-year prison sentence, and he may have been joined by Lay had the ex-chairman not passed away before his sentencing. But what of the most recent financial crisis? Wall Street giants Lehman ...
McCain-Palin Ticket Makes History!
By Christopher Weber - Politics DailyFor all you history buffs, Washington Monthly has uncovered an interesting election year factoid: The McCain/Palin ticket is the first in American history in which both candidates were found to have violated ethics standards before a national election.McCain, of course, was admonished by Senate Ethics Committee "for exercising 'poor judgment' for intervening" with federal regulators on behalf of Charles Keating, as part of the infamous Keating Five scandal.And now McCain's running mate has also been found to have violated state ethics laws and abused the powers of her office, as part of the ...
Will Obama Swing Back During Debate? Yes.
By Tommy Christopher - Politics DailyTonight's debate is a crucial one for both candidates, especially for John McCain. Although Obama has pitfalls to avoid, McCain stands to suffer a knockout blow if he performs poorly. With Obama's lead growing steadily, McCain could find himself on the wrong end of a high double-digit deficit by week's end, frenetically dodging the insertion of the proverbial fork. Prior to Saturday, this had already been a nasty campaign, and most observers lay the fetid, slimy wreath at McCain's feet. With Sarah Palin's reintroduction of discredited attacks on Obama's character, the issue of Team McCain's ...
AP: Palin Attack 'Racially Tinged'
By Tommy Christopher - Politics DailyThe Associated Press, in an analysis of Alaska Governor Sarah Palin's recent comments about William Ayers and Rev. Wright, offered a strong rebuke of the attacks:(Palin's) attack was unsubstantiated and carried a racially tinged subtext that John McCain himself may come to regret....The fact is that when racism creeps into the discussion, it serves a purpose for McCain. As the fallout from Wright's sermons showed earlier this year, forcing Obama to abandon issues to talk about race leads to unresolved arguments about America's promise to treat all people equally.The AP isn't known to be some ...
Guilt by Association
By David Knowles - Politics DailyIn philosophical parlance, it is known as the "Bad Company Fallacy." Guilt-by-association posits that if you befriend someone who has questionable beliefs, then, by definition, you too have questionable beliefs. This "company you keep" critique has been a running theme in this year's race for the White House, and it exploded this week when Sarah Palin and John McCain decided to try refocus Barack Obama's associations with William Ayers and Jeremiah Wright into a central theme of their campaign. Obama has fired back with McCain's involvement in the Keating 5 scandal, and, in terms of ...
Obama Fights Fire With Keating 5
By Dave - Politics DailyThe Corner:The Obama campaign's response to the question appears to be to raise John McCain's connection to the Keating Five scandal. It is by no means out of bounds to raise the issue. McCain received campaign funds from Keating, his wife's company had been involved in investment ventures with him, and he once met with federal regulators about Keating's bank - though the Senate Ethics Committee found that unlike three other senators involved in the scandal, "Senator McCain's actions were not improper." The committee said only that he had exercised bad judgment by being involved with Keating ...
McCain: Release the Hounds!
By David Knowles - Politics DailyWhat else is John McCain supposed to do? He can't win on the issues. He can't win using gimmicks. His only choice is to try to slash and burn. To strike fear in the hearts of the American electorate. Hey, when even Karl Rove declares that the Republican is about to lose the race, you know that said Republican will be getting busy with some Karl Rove tactics to try to cook up some panic. And so, this is how the final month of the campaign will play out. Like a faint, fading echo, McCain's promises to rise above politics as usual will be drowned out by the increasingly absurd, desperate howls ...
I'll See Your Ayers and Raise You a Keating 5
By Denise Williams - Politics DailyMike Allen from Politico reported Sunday that Barack Obama will not sit idly by while Sarah Barracuda is unleashed on the public with a series of October surprises meant to smear Obama and shift American's focus away from real issues during the campaign.Sen. Barack Obama (D-Ill.) on Monday will launch a multimedia campaign to draw attention to the involvement of Sen. John McCain (R-Ariz.) in the "Keating Five" savings-and-loan scandal of 1989-91, which blemished McCain's public image and set him on his course as a self-styled reformer.Retaliating for what it calls McCain's ...
New Obama Ad: 'This Year'
By Christopher Weber - Politics DailySarah Palin claims that the "gloves are off." Looks like the Obama camp is responding in kind with this ad launching Monday, keeping the focus on the financial meltdown. The ad pushes the themes that McCain is "erratic in a crisis," "out of touch on the economy," and finishes with a photo of a grinning Maverick and George W. arm-in-arm. ...
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