Why NO! Say it isn't so, Juan.....
Posted on 04/02/2014 6:45:50 AM PDT by Borges
Charles H. Keating, the Arizona businessman who became synonymous with the savings and loan scandal in the 1980s died Monday night in Phoenix.
He was 90 years old. He lived large, dreamed big and his fall was epic.
(Excerpt) Read more at myfoxphoenix.com ...
Well RIP. Not a great individual, but still deserves respect with his death announcement.
Why NO! Say it isn't so, Juan.....
BURN IN HELL Keating, BURN IN HELL!
Yep.....the stark raving maniac escaped the big one there, didn’t he.
Fellow K5 member John Glenn, IIRC, said he wasn’t giving back that money, it was ‘going to my grandchildren!’ Why is it these scumbags steal money from us constantly, at every turn and are never held accountable? If the IRS can drain our bank accounts at will why can’t they go after these thieves? Protected political class, my ass! I’d be fearing for my life over citizen retribution for such action!
He became the poster child for the S&L crisis, but he was just one of thousands playing the same game. Most got away scot free.
A sure sign that we live in a nation of subjects, rather than citizens.
They got away scott free because they had the numbers.
Having all the numbers in the S&L collapse made them untouchable, because congress (all of congress not just Keating’s five) could not afford to have the total picture painted to the public in easy to understand irrefutable mathematics.
As long as the math was vague and only hypothetical congress could slough the blame for the collapse on the many crooks who were embezzling over a billion in aggregate from the S&L entities.
But if real numbers were made public the public would see how tiny that number was compared to the loss from retroactive changes to the tax code. Not only would many Congressmen and Senators been tossed out, impediments to future retroactive legislation would have been likely, perhaps even a constitutional ammendment.
That both parties are irredeemably corrupt is not a recent development.
Well, Juan has always been an aisle-crossing Maverick.
Absolutely agree with you. The Republicans were culpable largely from the push to “deregulate” the investments and interest operations of the S&L industry, in the free-market faith that those businessmen would make good decisions, because it was in their self-interest to do so.
Those Republicans completely missed the fact that when S&Ls go bankrupt, the managers lose nothing, only the taxpayers, and all the moreso when the managers have been looting the institution for years by using its assets to back deals the same managers were running under different corporate headings. Any time you want to use the public treasury to guarantee liabilities in the public sector you have to either regulate the assets against those liabilities very tightly, or get ready to have that system blow up. Over and over again.
Neil Bush, Dubya's and Jeb's brother. He settled out of court for $50K. No criminal charges were filed against him.
I will never vote for another Bush as long as I live. The family used the Wesley Mouch road to their riches, i.e. "public service."
again, one of thousands. Hardly a big city mayor, congressman, local sheriff, city councilman who didn’t have his fingers in this pie one way or another. This was the big game in the early 80s.
RIP.
Well at least some of the Keating 5 live on. Juan McStain for one.
George H.W. Bush was President when Keating was brought to trial. He and his attorney general made the decision not to try the Keating five. Not unlike Holder and Obama choosing not to try Jon Corzine for stealing billions in the MF Global affair. Neither the G.W. Bush or the Obama Justice Departments have gone after Goldman Sachs and other big Wall Street Banks for the insider trading and other corruption associated with the 2008 financial meltdown.
Finally, George Soros has not been prosecuted by administrations of either party. I find it fascinating the Democrats are in full attack mode on the Koch brothers while the Republicans remain silent on Soros.
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