“Fraud Is The Creation of Trust and Then Its Betrayal.” McCain Was Untrustworthy Before…
Posted by Michelle Moquin on October 7th, 2008
The shit is surfacing. The skeletons are rising. Remember when I blogged about the key players in our financial state a few weeks ago? Well…Obama put out a video yesterday which goes into depth of exactly how big of a part McCain played in his role as one of the five, earning him personal and political benefits. Let me just tell you, his part in this scandal almost ended his career. And people want him for our president?! For those of you still undecided, I did your research for you. This is the video to watch: “John McCain and The Making of a Financial Crisis.” What you will see is shocking.
McCain has been supporting deregulation for years. This video connects the deregulatory intensity that caused the massive savings-and-loan collapses in the late 80′s that I blogged about. And how McCain’s involvement and support of deregulation over the last 20+ years has helped cause the current credit state. In the S & L crisis, he took advice from Charles Keating, the mastermind criminal behind ‘Keating Five’. Now, his ears are listening to a whole other group of economic and top political advisers; lobbyist types: Phil Gramm, Rick Davis, Carly Fiorina…and once again the advice is going to ‘favor their clients’.
Hello…open your eyes…McCain just doesn’t get it…Why do you think McCain wants to move on, ignoring the topic of the state of our economy? Could it be that he really doesn’t get it therefore he seeks advice and unfortunately from the wrong people who really have no interest in anyone but their clients? My guess is he’s not that stupid and he’s hoping to make a killing this time too at the expense of the taxpayers. And this time the benefits will be much grander. My feeling is he doesn’t want to draw attention to himself in this area in hope that the past won’t be dredged up…Oops too late.
For those that don’t remember or are not familiar with the fraudulent acts of ‘Keating five’, this is a huge reminder. Our biggest lesson to learn is that deregulation is like de-supervising. When no one is watching….when the parents aren’t home, the children will play, and ‘being good’ is not part of the plan. Once again, people don’t police themselves. Therefore, you create a breeding ground for fraudulent acts.
The second Presidential debate is tonight. I wonder how much disingenuous vomit will be spewed from McCain’s mouth tonight?
************
Oh ZL: I had to laugh about the big swinging black dick. Of course all back men aren’t endowed with a ‘big one’. An entire race couldn’t be that lucky. :) It is the belief, the preconception that is out there that all black men have big dicks. The same belief is obviously not about the white guy, even though we know some white guys have big swinging dicks too. Hence, the reason to keep the black man ‘down’. The white guy thinks/knows he wouldn’t compete if the black man not only had a big dick to satisfy his woman but a healthy bank account too. Ah…the greed all boils down to the sex and who’s gonna get it.
Peace out.
Gratefully your blog host,
michelle
Aka BABE: Your Bad Ass Bitch Editor
For archives dated before January 17, 2008 click on my Blogroll:
or click here: “A Day in the life of…”
All content on this site are property of Michelle Moquin © copyright 2008
" Politics, god, Life, News, Music, Family, Personal, Travel, Random, Photography, Religion, Aliens, Art, Entertainment, Food, Books, Thoughts, Media, Culture, Love, Sex, Poetry, Prose, Friends, Technology, Humor, Health, Writing, Events, Movies, Sports, Video, Christianity, Atheist, Blogging, History, Work, Education, Business, Fashion, Barack Obama, People, Internet, Relationships, Faith, Photos, Videos, Hillary Clinton, School, Reviews, God, TV, Philosophy, Fun, Science, Environment, Design, The Page, Rants, Pictures, Church, Blog, Nature, Marketing, Television, Democrats, Parenting, Miscellaneous, Current Events, Film, Spirituality, Obama, Musings, Home, Human Rights, Society, Comedy, Me, Random Thoughts, Research, Government, Election 2008, Baseball, Opinion, Recipes, Children, Iraq, Funny, Women, Economics, America, Misc, Commentary, John McCain, Reflections, All, Celebrities, Inspiration, Lifestyle, Theology, Linux, Kids, Games, World, India, Literature, China, Ramblings, Fitness, Money, Review, War, Articles, Economy, Journal, Quotes, NBA, Crime, Anime, Islam, 2008, Stories, Prayer, Diary, Jesus, Buddha, Muslim, Israel, Europe, Links, Marriage, Fiction, American Idol, Software, Leadership, Pop culture, Rants, Video Games, Republicans, Updates, Political, Football, Healing, Blogs, Shopping, USA, Class, Matrix, Course, Work, Web 2.0, My Life, Psychology, Gay, Happiness, Advertising, Field Hockey, Hip-hop, sex, fucking, ass, Soccer, sox"
October 7th, 2008 at 10:29 am
Oohh, that’s chilling…and we paid no attention.
No wonder the rest of the world offers us only schadenfreude now
Speaking of dicks, money and who’s getting the sex, have you seen the new Chris Rock video? Oh, it’s a must see, Misch, and more than once : ) I could not stop laughing…
Ciao! Zen Lill
October 7th, 2008 at 10:47 am
Perhaps we will see a time in my lifetime to which the United States people and the world stand up against these public and political atrocities. These white collar crimes, to which Charles Keating served a whole five years in prison for (of, and there are thousands of black men in Amerika that are serving decades of time, if not life for holding one lousy joint!) his bilking of the $3.5Billion taxpayer money through his fraudulent acts. The funny thing about this is that the Senate had this information then and they let McShame off. Where is the accountability for the people of the United States. The House and the Senate watch eachother’s backs that they always will have a fall guy.
Now, McShame is attempting to NOT talk about the financial crisis so that so much of this TRUTH to his background will come out! These political railroad tactics, lies, and public deception should not be allowed. McCant should be held accountable for his actions, as well as, served a liable suit against Obama for all of his lies during this political campaign. Let’s include the most recent slanderous accusations made by Palin regarding Obama. Palin is known to follow domestic terrorists in her most recent past (within this year) and her husband belongs to a know domestic terrorist organization.
There are so many various fall guys over the years to shield the politicians in their corrupt practices of receiving funds to keep their job. And we wonder why we can’t seem to get legislation passed for campaign finance reform. Some of those names are:
Charles Keating, and more(McCain), Oliver North, Elliot Abrams, Robert MacFarlane, Alan Fiers, Richard Miller, Clair George, John Poindexter, and more(Reagan), Vince Foster(committed suicide or so it was deduced – Clinton), James McDougal(Clinton – died in prison),G. Gordon Liddy, Edward Hunt and many others(Nixon)
My god!!
October 7th, 2008 at 8:58 pm
I feel sorry for the “old wrinkly dude” as Paris so eloquently put it. He seemed as though he was as a man drowning and we were all watching him and no one was throwing him a line. Perhaps, he wasn’t looking for a “lifeline”, but wanted to “ask the audience”…or even “phone a friend”. I suppose that friend would be Joe Lieberman, but he isn’t his running mate…
This showed the rest of the world a perfect example of what the sad lemmings that some of our country are if they cannot see the ridiculous attempt at being the President of the United States is with McStopwhaturdoingplease. This is a man of so much contradiction, he is at the end of his rope. There is no more rope-a-dope left with him and its time he fall to the mat.
October 8th, 2008 at 6:57 am
Michelle:
I can not believe what some have done to my beloved country in the name of greed.
Here is my look at the state of the psychology of the world investor.
The world markets are very mistrustful of the american people’s judgement. They believe that the this is a country so racist that it will reelect the same mentality that got the world into this position of unrestrained greed.
The republican party always wanted to have a situation where the markets could operate unrestrained. When the american people bought into their rhetoric of “less government” and gave the republicans a majority in both houses of Congress, and the head of the Executive branch, the republicans finally had a opportunity to free the markets from any restraints. The result is today’s world catastrophe.
They dismantled all the anti-trust laws that prevented companies from becoming huge conglomerates. When this happened most true entrepreneurial competition ceased. Rather than looking for a better way to compete for the consumer’s dollar. The companies just bought up the competition and the consumer was forced to do business with the only company left offering that particular service.
The republicans manipulated the regulatory agencies that were set up to police the markets to prevent them from enforcing those regulations. Hence, the few regulations left governing the markets were prevented from being enforced by the police legally empowered to do so. The result was that it created an atmosphere that anything goes with people that the ordinary person trusted with their money.
Reagan had already gotten rid of the requirement that the character of the person entering the banking or investment business have a clean criminal record. So there was present an environment full of shady characters. Many with prior convictions of Ponzi schemes and outright theft of the money people had entrusted to them. These fast talking thieves started proposing money making schemes that were designed to make huge profits for everyone at the top. The appearance of profits to the little investor at the bottom created a rush to get a piece of the action from other little investors.
When this new group of republicans removed the need to be certain that these money making schemes passed the legal interpretation of the few regulatory agencies left, it created a panic among the people who had been trying to observe moral laws in the absence of the logical market restraints that had been removed by the republicans. They were forced to come up with schemes to match the schemes the crooks were put forward.
Businesses being run by the crooks were making huge profits because they were basically Ponzi schemes. Investors were being told that they could get rich investing in the markets and the real estate market in the USA.
The thieves pocketed most of the money their investors gave them and doled out small returns to the investor from the investment of new investors so that it appeared that the investment was indeed a sound profitable one.
The american investor cared only that he could make money in the investment. He/she just wanted to find the scheme that let him in first so that he could beat his neighbor getting in first. He believed that way he stood to make more money before the profits dried up. Then he took that profit and looked for the next enticing offer by another crooked investment group.
The foreign investor also bought into these very enticing offers to make big money in the American real estate marke. The difference is that they were not aware that the republicans had removed the regulations against investment fraud that America was famous for having.
This is where you have to be patient to understand the mind set of the world market presently. When you hear that the banks won’t lend money to other banks world wide, it is because of the fact that trust in someone regulating the whole thing has been lost.
Think of it this way. People the world over are essentially exchanging paper currency for each other’s paper currency. The standard for measuring what each currency was worth was the US dollar.
The reason the US dollar was the standard is because the US has the most stable government in the world and the enormous real, tangible resources to back it up. Equally as important was the fact that the US had laws to protect the investor from unscrupulous schemers and all sorts of investment fraud.
When the world discovered that the republican party had quietly removed those protections and secretly forced the US investment policing agencies to stand down, trust in the world banking and investment system collapsed.
Think about it. These people are in a business with piles of unregulated money and no body watching the store. No one can be sure what is worth what without a standard of measurement that can be trusted. They are worried that their money isn’t worth the paper it is printed on.
Add that to the fact that the rest of the world believes that the stupid american is more worried about the color of the skin of the next President than he/she is about the ability of the candidate to restore world confidence in America’s investment regulatory bodies, and you have a world market afraid to lend money to anyone.
The world money used to be based on gold, the Gold Standard. Today the world money is based on USA real estate, the USA Standard. When that world discovers that that standard has been manipulated it is like discovering that the gold ingot is really a gold plated iron bar. Chaos reigns!
The rest of the world wants to know how this was allowed to happen. What happened to the regulations they counted on to protect their investments in the USA Standard? What is going to happen to those crooks who took their money? Where were the police who were supposed to protect the store? And can they count on a new administration to restore those regulations and police.
As long as the world believes that the stupid and/or racist americans will reelect the same bunch of crooks and thieves, they will stay away from investing in the US.
Without foreign investors willing to lend the US money, the american workers will lose jobs and credit will dry up. The world market will also suffer because without the USA Standard, only gold is left as a measure of the worth of each country’s individual currency issue. No country has enough gold to back its currency so the world markets will be in chaos. No one wants to loan money to anyone because he can’t trust the value of the asset the person puts up in case of default.
AH
October 8th, 2008 at 7:47 pm
We irish are suffering because the US loves its crooked politicians.
Shawn