SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (2917)6/13/1999 11:54:00 AM
From: Jim S  Read Replies (1) | Respond to 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



To: Thomas M. who wrote (2917)6/13/1999 6:57:00 PM
From: Gary M. Reed  Read Replies (1) | Respond to of 17683
 
Thomas,

I was not implying that Republicans were punished more harshly that Democrats in the S&L scandal. I have no idea which political affiliation Charles Keating has. My point was that people have gone to jail for shady dealings with S&Ls. Hillary got off scot-free. And when anyone mentions her dealings with Madison Guaranty S&L and Whitewater, the press treats that person as if he/she was speaking in tongues...as if Hillary can do no wrong.

Furthermore, it is my understanding that George W. Bush had no involvement in any S&L misgivings. The S&L hub-bub you hear re: the Bush family is always directed at Jeb Bush, who is governor of Florida. I'm sure the Demo Media Machine would've made shreds of him had he done anything even close to being illegal when he ran for Governor of Florida.

NOW, if you want to implicate George W. Bush for something his brother did, then what does that make Bill Clinton? George W.'s brother sat on the board of an S&L that went under; Bill Clinton's brother (and the brother-in-law of NY's next U.S. Senator) is a convicted cocaine dealer. You might want to check your dictionary for "convicted felon," but the last time I checked, Clinton's brother is one. Yet another thing that Alina Cho will NEVER mention when she is gushing over Hillary's run for Senate.