On Sep 5, 7:59*pm, wrote:
Where is the outrage of all your CONservative "free market"
Republicans that dominate this newsgroup? Will your heroes - gasbags
Limbaugh, Hannity, Beck, and all the other right wing talk radio
screamers devote their shows denouncing this blatant SOCIALISM?

Of course not. Like you, *they are shallow partisan hypocrites
pandering to lemmings with IQ's of rat terriers. Or are you too busy
denouncing single mothers who receive $180 in food stamps to feed
their children while working two jobs?

WASHINGTON (AP) -- Fannie Mae and Freddie Mac are expected to be taken
over by the government as soon as this weekend in a bold move designed
to protect the mortgage market from the risk the companies could fail,
a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers
billions, were not yet available, but are expected to include the
departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard
Syron, according to the source, who asked not to be named because the
plan was yet to be announced.

Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry
Paulson and James Lockhart, the companies' chief regulator, met Friday
afternoon with the top executives from the mortgage companies and
informed them of the government's plan to take over the troubled
companies in a process known as conservatorship.

The news, first reported on The Wall Street Journal's Web site, came
after stock markets closed. In after-hours trading Fannie Mae's shares
plunged $1.70, or 24 percent, to $5.34. Freddie Mac's shares fell 95
cents, or almost 19 percent, to $4.15.
*http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html

John McCain would approve. He helped Charles Keating get more than $2
billion of taxpayer money after Keating and his cronies gave $112,000
to the McCain "campaign".

On Sep 6, 11:57*am, " wrote:

John McCain would approve. *He helped Charles Keating get more than $2
billion of taxpayer money after Keating and his cronies gave $112,000
to the McCain "campaign".- Hide quoted text -

- Show quoted text -

The Keating Five were five United States Senators accused of
corruption in 1989, igniting a major political scandal as part of the
larger Savings and Loan crisis of the late 1980s and early 1990s. The
five senators, Alan Cranston (DEMOCRAT-CA), Dennis DeConcini (DEMOCRAT-
AZ), John Glenn (DEMOCRAT-OH), John McCain (R-AZ), and Donald W.
Riegle (DEMOCRAT-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).

After a lengthy investigation, the Senate Ethics Committee determined
in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had
substantially and improperly interfered with the FHLBB in its
investigation of Lincoln Savings. Senators John Glenn and John McCain
were cleared of having acted improperly but were criticized for having
exercised "poor judgment".

All five of the senators involved served out their terms. Only Glenn
and McCain ran for re-election, and they were BOTH RE-ELECTED.

Don't let the Neo-Communist Liberal Fascist get away with propaganda
LIES!

On Sep 6, 3:02*pm, wrote:
....propaganda
LIES!
What lies? Did John McCain's "campaign" get more than $100,000 from
Charles Keating and other Keating buddies, or did it not? Did John
McCain later help Charles Keating get billions from the US Treasury,
or did he not?

Or are you bragging about John McCain's "poor judgement"?

On Sep 6, 9:57*am, " wrote:
John McCain would approve. *He helped Charles Keating get more than $2
billion of taxpayer money after Keating and his cronies gave $112,000
to the McCain "campaign".-

John McCain has approved.

According to the heavily referenced article in Wikipedia, McCain
actually got a lot more than $112,000:

"McCain and Keating had become personal friends following their
initial contacts in 1981.[8] Between 1982 and 1987, McCain had
received $112,000 in political contributions from Keating and his
associates.[14] In addition, McCain's wife Cindy McCain and her father
Jim Hensley had invested $359,100 in a Keating shopping center in
April 1986, a year before McCain met with the regulators. McCain, his
family, and their baby-sitter had made nine trips at Keating's
expense, sometimes aboard Keating's jet. Three of the trips were made
during vacations to Keating's opulent Bahamas retreat at Cat Cay.
McCain did not pay Keating (in the amount of $13,433) for some of the
trips until years after they were taken, when he learned that Keating
was in trouble over Lincoln.[6][15]"

It also says that McCain participated in the senatorial pressure on
the Federal regulators:

"On April 2, 1987, a meeting with chairman Gray of the FHLBB was held
in DeConcini's Capitol office, with Senators Cranston, Glenn, and
McCain also in attendance.[6] DeConcini started the meeting with a
mention of "our friend at Lincoln."[6] Gray told the assembled
senators that he did not know the particular details of the status of
Lincoln Savings and Loan, and that the senators would have to go to
the bank regulators in San Francisco that had oversight jurisdiction
for the bank. Gray did offer to set up a meeting between those
regulators and the senators.[6]"

"On April 9, 1987, a two-hour meeting[4] with three members of the
FHLBB San Francisco branch was held, again in DeConcini's office, to
discuss the government's investigation of Lincoln.[8][6] Present were
Cranston, DeConcini, Glenn, McCain, and additionally Riegle.[6] The
regulators felt that the meeting was very unusual and that they were
being pressured by a united front, as the senators presented their
reasons for having the meeting.[6] "

McCain claims he was not trying tp apply political pressure. Yeah,
right.

"McCain said, "One of our jobs as elected officials is to help
constituents in a proper fashion. ACC [American Continental
Corporation] is a big employer and important to the local economy. I
wouldn't want any special favors for them.... I don't want any part of
our conversation to be improper." "

The Senate Ethics Committee may have let him off the hook, but there
is no doubt that McCain was actively involved:

"The Ethics Committee ruled that the involvement of McCain in the
scheme was also minimal, and he too was cleared of all charges against
him.[17][16] McCain was criticized by the Committee for exercising
"poor judgment" when he met with the federal regulators on Keating's
behalf.[6] The report also said that McCain's "actions were not
improper nor attended with gross negligence and did not reach the
level of requiring institutional action against him....Senator McCain
has violated no law of the United States or specific Rule of the
United States Senate."[20] "

On Sep 7, 11:09*am, " wrote:
On Sep 6, 9:57*am, " wrote:

John McCain would approve. *He helped Charles Keating get more than $2
billion of taxpayer money after Keating and his cronies gave $112,000
to the McCain "campaign".-

John McCain has approved.

According to the heavily referenced article in Wikipedia, McCain
actually got a lot more than $112,000:

"McCain and Keating had become personal friends following their
initial contacts in 1981.[8] Between 1982 and 1987, McCain had
received $112,000 in political contributions from Keating and his
associates.[14] In addition, McCain's wife Cindy McCain and her father
Jim Hensley had invested $359,100 in a Keating shopping center in
April 1986, a year before McCain met with the regulators. McCain, his
family, and their baby-sitter had made nine trips at Keating's
expense, sometimes aboard Keating's jet. Three of the trips were made
during vacations to Keating's opulent Bahamas retreat at Cat Cay.
McCain did not pay Keating (in the amount of $13,433) for some of the
trips until years after they were taken, when he learned that Keating
was in trouble over Lincoln.[6][15]"

It also says that McCain participated in the senatorial pressure on
the Federal regulators:

"On April 2, 1987, a meeting with chairman Gray of the FHLBB was held
in DeConcini's Capitol office, with Senators Cranston, Glenn, and
McCain also in attendance.[6] DeConcini started the meeting with a
mention of "our friend at Lincoln."[6] Gray told the assembled
senators that he did not know the particular details of the status of
Lincoln Savings and Loan, and that the senators would have to go to
the bank regulators in San Francisco that had oversight jurisdiction
for the bank. Gray did offer to set up a meeting between those
regulators and the senators.[6]"

"On April 9, 1987, a two-hour meeting[4] with three members of the
FHLBB San Francisco branch was held, again in DeConcini's office, to
discuss the government's investigation of Lincoln.[8][6] Present were
Cranston, DeConcini, Glenn, McCain, and additionally Riegle.[6] The
regulators felt that the meeting was very unusual and that they were
being pressured by a united front, as the senators presented their
reasons for having the meeting.[6] "

McCain claims he was not trying tp apply political pressure. *Yeah,
right.

"McCain said, "One of our jobs as elected officials is to help
constituents in a proper fashion. ACC [American Continental
Corporation] is a big employer and important to the local economy. I
wouldn't want any special favors for them.... I don't want any part of
our conversation to be improper." *"

The Senate Ethics Committee may have let him off the hook, but there
is no doubt that McCain was actively involved:

"The Ethics Committee ruled that the involvement of McCain in the
scheme was also minimal, and he too was cleared of all charges against
him.[17][16] McCain was criticized by the Committee for exercising
"poor judgment" when he met with the federal regulators on Keating's
behalf.[6] The report also said that McCain's "actions were not
improper nor attended with gross negligence and did not reach the
level of requiring institutional action against him....Senator McCain
has violated no law of the United States or specific Rule of the
United States Senate."[20] "

-ps- Keating 'front-man' with the Five US Senators was . . .
"The Great One" [Sir] Alan Greenspan, KBE
http://en.wikipedia.org/wiki/Charles... Keating_Five

Democrats Rewriting History : The Keating Five

Four out of Five of the Keating Five members of the
US Senate that were 'accused' were in-fact Democrats.
http://en.wikipedia.org/wiki/Keating_Five
http://en.wikipedia.org/wiki/Indictment
-but- The Democrats only talk about the one Republican.

Three out of Five of the Keating Five members of the
US Senate that were 'Guilty' were in-fact Democrats.
http://en.wikipedia.org/wiki/Keating_Five
http://en.wikipedia.org/wiki/Guilt
-but- The Democrats only talk about the one Republican
who in-fact was found Innocent.
http://en.wikipedia.org/wiki/Innocent

FORGET THE FACTS & FORGET THE TRUTH :
Blame John "Smiley" McCain : He's a Republican... They're All Evil !
http://en.wikipedia.org/wiki/McCain
http://en.wikipedia.org/wiki/McCain#...ntial_campaign
* Sarah Palin : She's a Republican... She's Evil Too !
http://en.wikipedia.org/wiki/Sarah_Palin

Another Democrat Lie and Liberal Media Distortion of the
True Facts and the Truth about the Keating Five ~ RHF
http://en.wikipedia.org/wiki/Keating_Five