Monday, October 6, 2008
John McCain & Charles Keating
A Former Federal Regulator tells the true story the Lincoln Savings and Loans Scandal. At this time McCain was a Representative. He was not yet a Senator.
McCain was DIRECTLY INVOLVED.
McCain continued to PUSH for DEREGULATION. In 1999 he was successful in pushing Congress to repeal the Glass-Steagall Act, which removed any regulatory control over the Finaincial institutes and the Banks.
THIS is one major reason why the USA (and the world) is in such a huge mess today.