Thursday, July 17, 2008

T: Is for the Truth about the Candidates!

The McCain fortune just got a huge shot in the arm. Cindy McCain money comes from Anheuser-Busch and it has just been acquired by Belgian brewer InBev for about $52 billion. Mrs. McCain’s company owns between $2.5 million to $5 million in Anheuser stock, and it will earn $800,000 to $1.6 million. Senate personal financial disclosure forms only say that Mrs. McCain’s firm owns at least $1 million. Talk about marring into money. Though I think Americans really have no choice, the McCain Presidency reeks of injustice. Why is no one bringing up the Keating five Scandal? The Keating Five were five United States Senators accused of corruption in 1989, as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB). Keating was a longtime friend and associate of McCain having met Keating in 1981 at a Navy League dinner in Arizona where McCain was the speaker. Keating was a former naval aviator, and the two men became friends. McCain received $112,000 from Keating for his Senate campaign, more than any of the other Senators. In October 1989 The Arizona Republic reported that in addition to campaign contributions, McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental Corporation (parent of Lincoln) jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain did not pay Keating for some of the trips until years after they were taken, after he learned that Keating was in trouble. McCain also did not disclose the trips (as he was required to under House rules) until the scandal broke in 1989. Lincoln Savings and Loan's collapse is said to have cost taxpayers $3.4 billion and Cindy as of Sunday makes 54 Billion. Now McCain is a candidate for President and the press is silent about this infraction of the law. It seems Americans are doomed to candidates who swindle the public.

For those who thought the Clinton administration was on the up and up. News Flash: DeConcini was appointed by President Bill Clinton in February, 1995 to the Board of Directors of the Federal Home Loan Mortgage Corporation.

We need to research our candidates and figure out why we keep getting the short end of the stick. Shouldn't the choice be between candidates who have something to offer rather than a checkered past, they have tried to keep silent. I have included all source material since I am treading on sacred ground. Research will always uncover the F.A.C.T.S and so should you!

source material: http://blogs.wsj.com/washwire/2008/07/14/mccains-to-profit-on-anheuser-inbev-deal
http://firstread.msnbc.msn.com/archive/2008/07/15/1199402.aspx
http://en.wikipedia.org/wiki/Cindy_Hensley_McCain
http://en.wikipedia.org/wiki/Keating_Five
http://www.slate.com/id/1004633/
http://www.pbs.org/newshour/indepth_coverage/law/corruption/history.html

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