Wednesday, September 24, 2008

The Keating 5 Scandal

Over at the wonderfully informative blog called Hullabaloo, Digby wrote a post entitled They've Been Listening, which makes reference to a poll indicating that "By a 2-to-1 ratio, Americans blame Republicans over Democrats for the financial crisis that has swept across the country the past few weeks."

I find this extremely gratifying because all too often in this campaign things that I've concluded and surmised seem to go unnoticed. For example, the idea that Palin was qualified for the office of Vice President seemed to be accepted by many of the same people who berated Obama's qualifications. In spite of this apparent contradiction, the Republicans seemed to receive the breath of life from her candidature. Thank goodness that's subsiding now.

I became aware of the Keating 5 scandal some months ago via another site I like very much, Opinione. In the Digby piece, there's a concise explanation of McCain's role.

McCain's role in that scandal was very specific: he pressured regulators into going easy on his friend Charlie's savings and loan.

The Wikipedia article on the Keating 5 says this:

Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

What's your opinion? Do you think "poor judgment" is a euphemism for "criminal behaviour but we're giving you a break this time?"

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