Monday, Mar 02nd

Last update:05:18:56 PM GMT

Keating 5 Scandal - AGAIN

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The Keating Five were five US Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s.
Why is this being brought up???

In the last few days, Sarah Palin has accused Barack Obama of "palling around with terrorists". Her campaign speech has depict Obama Guilty by Association! The terrorist in question is 1960's radical Bill Ayers, a founding member of the Weather Underground, a radical group opposed to the Vietnam War. Today, Ayers is an Education Professor at the University of Illinois at Chicago.
Do Note: No federal charges were ever made against Bill Ayers.

How are Ayers and Obama associated? The 2 had lived in the Hyde Park area on the South Side of Chicago and Obama visited Ayers' home for a meeting at the start of his first state Senate bid in 1995. They were active in the Chicago Annenberg Challenge, an education reform group, and attended meetings together from the mid-1990s to 2001.
Obama chief strategist David Axelrod said Obama was not aware of Ayers' terrorist background when he attended a political coffee at Ayers Hyde Park home at the beginning of his state senate race sometime in the fall of 1995. Ayers and Obama first crossed paths in 1995 while involved in the Chicago Annenberg Challenge, a foundation dealing with urban education issues. Link
Oh, keep in mind that during Ayer's 1960's radical opposition to the Vietnam War - Obama was just 8 years old.

So, with only a few weeks left before election, the goal of the McCain Camp is to smear their opponent as much as they can, linking Obama to a terrorist who is currently alive and well today and living in the United States - not Guantanamo. In fact,
Ayers is now a respected member of the Chicago intelligentsia, and still a member of the Woods Fund Board. The president of the Woods Fund, said he had been selected for the board because of his solid academic credentials and "passion for social justice." Link

So, lets turn our focus on John McCain and his "wish for you to forget" Keating 5 Scandal of 1989.
If you had forgotten the scandal, five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB).

This video will explain the whole scandal:

Oh, I would mention that Senators John Glenn and John McCain were both cleared of having acted improperly but were criticized for having exercised "poor judgment". This is what the Right Wing Blogs would loudly respond. Also, McCain was the only Republican of the 5 - the other 4 were Democrats.

So having learned all this - if you were to weigh Obama's "palling" with Bill Ayers to McCain's "palling" to Keating - who would tip the scale? Federal charges were dropped against Ayers but McCain's pal Keating was arrested:
In September 1990, Keating was criminally charged with having duped Lincoln's customers into buying worthless junk bonds of American Continental Corporation; he was convicted in state court in 1992 of fraud, racketeering, and conspiracy and received a 10-year prison sentence. In January 1993, a federal conviction followed, with a 12-and-a-half year sentence. He spent four-and-a-half years in prison, but convictions were eventually overturned. Thereafter, on the eve of the retrial on the federal charges, Keating pleaded guilty to several felony charges in return for a sentence of time served. Link
With all this "palling" around - what did McCain get with his association with Keating?
McCain and Keating had become personal friends following their initial contacts in 1981, and McCain was the only one of the five with close social and personal ties to Keating. Like DeConcini, McCain considered Keating a constituent as he lived in Arizona. Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates. In addition, McCain's wife Cindy McCain and her father Jim Hensley had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. McCain, his family, and their baby-sitter had made nine trips at Keating's expense, sometimes aboard Keating's jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain did not pay Keating (in the amount of $13,433) for some of the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln. Link
What did Obama get with his association with Ayers?
Both Obama and Ayers were members of the board of an anti-poverty group, the Woods Fund of Chicago, between 1999 and 2002. Ayers contributed $200 to Obama's re-election fund to the Illinois State Senate in April 2001. They lived within a few blocks of each other in the trendy Hyde Park section of Chicago, and moved in the same liberal-progressive circles. Link

The McCain/Palin Camp is showing real signs of desperation and complete idiocy!
Their tact is to paint a face of terrorism onto Obama. They want to feed on the American fear of terrorists and to somehow depict Obama as some sort of a sleeper cell infiltrating the White House. They may even have their fingers crossed hoping for some Right-Wing Conservative nut job out there to attempt some 'patriotic' assassination.

This connection and "palling around with terrorist" is truly absurd.
In plain sight, the true terror is John McCain and Sarah Palin! These 2, if elected, will destroy America!


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