podesta_email_13556.txt

podesta-emails 882 words email

P17 V11 D8 V16 V15

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*TODAY'S FINANCIAL CRISIS IS THE MCCSAME AS SAVINGS AND LOAN SCANDAL* *McCain has been at the center of a circle of greed, special interest favors, and lack of bank and government oversight once before. McCain was reprimanded by the Senate Ethics Committee for his involvement in the Keating Five Savings and Loan scandal. Years later McCain, along with Phil Gramm, advocated for the aggressive deregulation of Wall Street that led to today's financial crisis.* * Clip from *Third Term<http://www.huffingtonpost.com/2008/09/19/mccains-economic-policy-k_n_127751.html> *linking McCain's actions in Keating 5 to his response to today's current financial crisis *Campaign Money Watch new ad: http://www.campaignmoney.org/keating *Deregulation and Corporate Greed, Supported by McCain and his Special Interest Lobbyists, Has Led to Current Financial Crisis* · *Economic experts say that McCain Advisor Phil Gramm and others are to blame for the current crisis* *that is shaking Wall Street.* Gramm's successful effort to pass banking reform laws in 1999, which reduced decades-old regulations separating banking, insurance and brokerage activities, helped to create the current economic crisis. [ABC News, 9/17/08<http://abcnews.go.com/print?id=5835269> ] · *McCain Voted to De-Regulate Wall Street *McCain voted for 1999 Gramm-Leach-Bliley Act, which de-regulated wall street by breaking, "down the walls between banking, insurance, and securities…" [*American Banker*, 3/11/08, emphasis added] *McCain Has a Long History of Putting Corporations and Lobbyists Interests Before American Families * · *McCain Was Top Recipient Of Keating Contributions During Senate Bid. *McCain received $55,000…from Keating's company. "Tory Clark, McCain's press secretary, the biggest recipient of American Continental-linked money, acknowledged that he co-sponsored a House resolution in 1985 urging [Bank Board Chairman Edwin] Gray to delay for six months implementation of the regulation." [*United Press International*, 11/1/86] · *Regulator Said McCain Took Advice from a Criminal.* "In the S&L crisis, he took his advice from the worst [kind of] criminal. Charles Keating is the person he went to for his policy advice," Black said. [Huffington Post 10/01/08<http://www.huffingtonpost.com/2008/10/01/mccain-repeating-keating_n_130612.html> ] · *Keating "Sought a Quid Pro Quo" From McCain. *The banker's attitude was summed up the day a reporter asked whether his political donations to the senators encouraged their intervention. 'I want to say in the most forceful way I can, I certainly hope so,' Keating replied."[*Associated Press*, 3/23/08] · *McCain Leaned On Federal Regulators To End Examination Of Keating's Company. *In 1987, the *Los Angeles Times** *reported: "Five U.S. senators in an unusual show of support for a constituent, pressed federal regulators at a meeting last April to wind up a then yearlong examination of Lincoln Savings & Loan Assn. and to end 'unfair treatment' of the Irvine-based S&L, a spokesman for one of the senators said Monday." [*Los Angeles Times*, 9/29/87, emphasis added] · *McCain's "Poor Judgment" Admonished By Senate Ethics Committee. *According to the *Associated Press*, the Senate Ethics Committee admonished McCain for his involvement in the Keating 5 Scandal, saying he used "poor judgment." [*Associated Press*, 12/20/07] · *U.S. Taxpayers Stuck With Keating's $2.8 Billion Bill. *The *Associated Press* reported, "The U.S. government seized Lincoln in 1989, sticking taxpayers with a bailout cost of $2.8 billion." [*Associated Press*, 3/23/08] *McCain Surrounded By Lobbyists Fights Reforms* · *McCain Led Effort To Allow Campaign Funds For Personal Use*. In 1994, McCain introduced a motion to kill a Democratic amendment prohibiting the use of campaign contributions for personal purposes, including a salary for the candidate. McCain's motion to kill the amendment passed 64-35. S. 2, Vote #9<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=104&session=1&vote=00009>, 1/10/1995] · *McCain Opposed A Provision Prohibiting Members Of Congress And Staff From Converting Frequent Flyer Miles From Official Travel To Personal Use.* In 1995, McCain voted to kill an amendment that would have barred Members of Congress or their staffs from using frequent flyer miles accrued while on official travel for personal use. The motion to kill the amendment passed 54-45. [S. 2, Vote #10<http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=104&session=1&vote=00010>, 1/10/1995] · *McCain Repeating Keating Era Mistakes, Regulator Warns *"In the S&L crisis, he took his advice from the worst [kind of] criminal. Charles Keating is the person he went to for his policy advice," Black said. "Now, he certainly is getting advice from Phil Gramm, Carly Fiorina, Rick Davis -- the whole group of economic and top political advisers are lobbyist types. He just doesn't seem to get it, ever, that the advice is going to favor their clients. [Huffington Post 10/01/08<http://www.huffingtonpost.com/2008/10/01/mccain-repeating-keating_n_130612.html> ] · *McCain Has At Least 164 Lobbyists<http://progressiveaccountability.org/2008/08/05/lobbyists/>Running His Campaign, Raising Money For Him, And Setting His Policy Agenda * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the "big campaign" group. To post to this group, send to [email protected] To unsubscribe, send email to [email protected] E-mail [email protected] with questions or concerns This is a list of individuals. It is not affiliated with any group or organization. -~----------~----~----~----~------~----~------~--~---