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Picture of SSGMike.Ivy
Location: Staten Island NY
Registered: 06 March 2005
Posts: 85
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A very interesting read. Those old enough remember this scandel, well guess who was part of this? Some real interesting ghosts in McCains closet. Should be front page news.
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This article appears in the Aug. 23, 2002 issue of Executive Intelligence Review.
John McCain: Are His Backers Out of Prison?
by Jeffrey Steinberg, Richard Freeman, and Anton Chaitkin
On Oct. 15, 1982, President Ronald Reagan signed into law the Depository Institutions Deregulation and Monetary Control Act, otherwise known as "Garn-St Germain," after the principal Congressional sponsors. As a direct result of this disastrous deregulation legislation, within the span of a decade, a small tightly organized network of financial pirates—many with close ties to the Meyer Lansky National Crime Syndicate—would pull off the biggest heist in American history. By the early 1990s, the U.S. savings and loan industry (S&Ls)—once the backbone of the home mortgage industry and the preferred safe depository of household savings—was wiped out. Many of America's oldest industrial corporations were looted and left for dead, through hostile takeovers, engineered by junk bond financing. To untangle the S&L carnage, the Federal government created the Reconstruction Trust Corporation (RTC) and eventually shelled out $200-250 billion in taxpayers' money, to avert an even deeper collapse of the U.S. real estate and banking sectors.

A handful of the crooks—including Ivan Boesky, Michael Milken, and Charles Keating—were imprisoned for their roles in the looting scheme. Briefly, a few members of Congress were spotlighted and slapped on the wrists for their own profiteering and coverup efforts. But the full extent of this criminal looting of America was barely known, and today is largely forgotten. The biggest political beneficiary of the public's amnesia is John McCain. With the exception of Sen. Joseph Lieberman's (D-Conn.) own ties to hedge fund bandit Michael Steinhardt, no American politician is as beholden to organized crime as the senior Senator from Arizona and would-be 2004 "Bull Moose" spoiler candidate for the Presidency.

continued
http://www.larouchepub.com/other/2002/2932mccain.html


SSGMike.Ivy
Vietnam Veteran
U.S.Army Retired
"steadfast & loyal"
"To announce that there must be no criticism of the President, or that we are to stand by the President right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt
Picture of patoloco
Location: Arizona
Registered: 08 May 2005
Posts: 1421
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bump
Registered: 19 February 2006
Posts: 1224
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The only person to really vote for is Ron Paul, but at least you can vote in good conscience and not feel guilty about having to move to Europe when this nation falls apart because it wont be your fault. Who knows we may be able to survive another s*hitty presidency and maintain a first world quality of life but there is no gaurentee.
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