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1 Senate Ethics on Sun Aug 24, 2008 1:14 pm

gypsy


Moderator
In 1991, the Senate Ethics Committee rebuked McCain, finding that he had "exercised poor judgment in intervening with the regulators." The net effect of the actions of the Keating 5 senators was to Prevent Federal Regulations from Intervening a year earlier and Limiting the amount of Exposure to Taxpayers and Investors.

Why is this relevant?

Well, 20 years later, we're back in the middle of another banking crisis and federal regulators have already begun seizing insolvent banks, and this advisory ran on the wires over the weekend:
Silver State Bancorp (NASDAQ:SSBX), the holding company for Silver State Bank, announced today that Andrew K. McCain submitted his resignation today as a director on the Boards of Directors of Silver State Bancorp and Silver State Bank, citing personal reasons.

Andrew is none other than the son of John McCain.

for the complete story
http://firstread.msnbc.msn.com/archive/2008/08/23/1286207.aspx

2 Re: Senate Ethics on Sun Aug 24, 2008 5:11 pm

SSC


Admin
gypsy wrote:In 1991, the Senate Ethics Committee rebuked McCain, finding that he had "exercised poor judgment in intervening with the regulators." The net effect of the actions of the Keating 5 senators was to Prevent Federal Regulations from Intervening a year earlier and Limiting the amount of Exposure to Taxpayers and Investors.

Why is this relevant?

Well, 20 years later, we're back in the middle of another banking crisis and federal regulators have already begun seizing insolvent banks, and this advisory ran on the wires over the weekend:
Silver State Bancorp (NASDAQ:SSBX), the holding company for Silver State Bank, announced today that Andrew K. McCain submitted his resignation today as a director on the Boards of Directors of Silver State Bancorp and Silver State Bank, citing personal reasons.

Andrew is none other than the son of John McCain.

for the complete story
http://firstread.msnbc.msn.com/archive/2008/08/23/1286207.aspx

Nice comment posted by a reader kinda like a blog I would say..Janice from Oregon not a reporter



Last edited by runawayhorses on Sun Aug 24, 2008 6:00 pm; edited 1 time in total (Reason for editing : fixed link and quote)

3 Re: Senate Ethics on Sun Aug 24, 2008 5:15 pm

gypsy


Moderator
ur url/link shows error or can't be accessed??

4 Re: Senate Ethics on Sun Aug 24, 2008 5:26 pm

SSC


Admin
Gypsy that is YOUR article..... at the end of the link delete the word quote

5 i remember all of that on Sun Aug 24, 2008 5:27 pm

rosco 357


Veteran
the best i can remember is macCain was cleared of anything, but i will check to be sure, later, when i have time,

6 Re: Senate Ethics on Sun Aug 24, 2008 5:32 pm

SSC


Admin
This is certainly not the only bank to go belly up..why not list the names of the other CEO's and presidents of the failing banks ?

7 The Keating Five on Sun Aug 24, 2008 5:33 pm

rosco 357


Veteran
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 (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-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.

this is real old news, will not even come up as he has been reelected for what like 17 years, and was cleared along with senator glenn,,

http://en.wikipedia.org/wiki/Keating_Five

8 Re: Senate Ethics on Sun Aug 24, 2008 6:04 pm

gypsy


Moderator
SSC wrote:Gypsy that is YOUR article..... at the end of the link delete the word quote

I still don't see anything but my link

9 Re: Senate Ethics on Sun Aug 24, 2008 6:06 pm

gypsy


Moderator
rosco 357 wrote: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 (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-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.

yes if u had clicked on the link I gave it would have give complete story which I stated in my article..

this is real old news, will not even come up as he has been reelected for what like 17 years, and was cleared along with senator glenn,,

http://en.wikipedia.org/wiki/Keating_Five
also it was to show after 20 years and andrew McCain,, Mccains son resigned as board member from the silver state bank~~just a few months agp



Last edited by gypsy on Sun Aug 24, 2008 6:25 pm; edited 3 times in total

10 Re: Senate Ethics on Sun Aug 24, 2008 6:08 pm

SSC


Admin
Obviously if you look at my post Tyler graciously corrected the link....Thanks Tyler, don't know what I would do with out you

11 Re: Senate Ethics on Sun Aug 24, 2008 6:24 pm

gypsy


Moderator
yes, now i see.. about the same thing I put, except for 20 years later and the ~reason for the post.. I first put..

12 Re: Senate Ethics on Sun Aug 24, 2008 6:29 pm

SSC


Admin
Obviously once again you are confused.....the article you posted was a comment by a reader...if you read the WHOLE thing at the bottom you will see if was from a woman in Oregon a.k.a...HER opinion, not a news release..HER opinion of an article...

13 Re: Senate Ethics on Sun Aug 24, 2008 6:34 pm

gypsy


Moderator
doesn't matter it was almost identical, if u had read the complete, url I put and things to refer too~ and ur missing the point, but i will not waste my time trying to show you~ readmy complete post


this is what my point is>>>>><>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Why is this relevant?

Well, 20 years later, we're back in the middle of another banking crisis and federal regulators have already begun seizing insolvent banks, and this advisory ran on the wires over the weekend:
Silver State Bancorp (NASDAQ:SSBX), the holding company for Silver State Bank, announced today that Andrew K. McCain submitted his resignation today as a director on the Boards of Directors of Silver State Bancorp and Silver State Bank, citing personal reasons.

Andrew is none other than the son of John McCain.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
for the complete story

14 Re: Senate Ethics on Sun Aug 24, 2008 6:57 pm

SSC


Admin
ONCE AGAIN GYPSY VERY SLOWLY.....THE POSTS ARE THE ........SAME .....ARTICLE...I read the whole thing you posted from the link...it is an OPINION of a woman....did YOUUUUUUUUUUU..READ THE WHOLE THING TO THE BOTTOM, OBVIOUSLY NOT....I give up ..you just get to confused .....

15 Re: Senate Ethics on Sun Aug 24, 2008 7:17 pm

gypsy


Moderator
forget it ssc ur missing the point~ no need for me to keep going with this

16 Re: Senate Ethics on Sun Aug 24, 2008 7:59 pm

SSC


Admin
what ever Gypsy

17 Re: Senate Ethics Today at 5:54 am

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