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John McCain Failed in the S&L Crisis of 1990

Thursday, October 9th, 2008
Posted in Debate by Joel Gross

Watch the following video of how John McCain stopped regulators from investigating financial crimes at Lincoln Savings & Loan at the behest of it’s CEO Keating. Because John McCain halted the criminal investigation of the Savings & Loan, taxpayers ended up having to foot the largest bailout bill in history at that time when the company finally collapsed.

I don’t agree with the narrators conclusions on deregulation, but I do think that John McCain has shown himself to support fraud at the highest levels of government. John McCain has also publicly stated that he doesn’t know much about economics; this is the most important time in history that a President have an understanding of economics. And John McCain is currently predicted to be the winner of the 2008 election. Look below at the election map.

Scary. The worst part is that I don’t really think Barack Obama would do a better job. Go read why I don’t vote.

One thought on “John McCain Failed in the S&L Crisis of 1990

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