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Pastimes : CNBC -- critique.

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To: Thomas M. who wrote (2917)6/13/1999 11:54:00 AM
From: Jim S  Read Replies (1) of 17683
 
Thank you for making your point.

As I understand the incidents you are referencing, both Keating and Her Herness Clinton were involved in fraud and/or duplicitous transactions in their respective S&Ls. The Bushes, OTOH, were on the board of directors of S&Ls that failed due to governmental encouragement of overextended loans for depreciating property. The former participated knowingly in improper activities; the latter were trapped by circumstances in the midst of a national scandal.

At least, that's my recollection of events. If I'm wrong, I'm confident that someone will correct me.

To conclude, I disagree with your logic. Keating and Clinton were both involved in shady dealings, and only Keating was prosecuted. The Bushes did nothing wrong, as determined by fact-finding bodies who investigated. So, of course they were not not prosecuted. Q.E.D.

jim
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