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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (408407)	8/20/2008 11:01:39 AM
From: tejek	Respond to of 1586861

Furthermore, Keating's wrongdoing was nowhere near on the level of that of Ayres and others I see......you've never heard of Resolution Trust and the destruction of numerous savings and loans. Yes, that was a 'minor' event in US history in which Keating played a role.....and how many billions were lost?

To: i-node who wrote (408407)	8/20/2008 12:32:33 PM
From: Brumar89	Read Replies (1) \| Respond to of 1586861

Glenn and McCain: cleared of impropriety but criticized for poor judgment The Senate Ethics Committee ruled that the involvement of Glenn in the scheme was minimal, and the charges against him were dropped.[17] He was only criticized by the Committee for "poor judgment."[20] 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.[18][17] 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."[14] On his Keating Five experience, McCain has said: "The appearance of it was wrong. It's a wrong appearance when a group of senators appear in a meeting with a group of regulators, because it conveys the impression of undue and improper influence. And it was the wrong thing to do."[6] Several accounts of the controversy contend that McCain was included in the investigation primarily so that there would be at least one Republican target.[21][22][23][9] Glenn's inclusion in the investigation has been attributed to Republicans who were angered by the inclusion of McCain, as well as committee members who thought that dropping Glenn (and McCain) would make it look bad for the remaining three Democratic Senators.[21][23] Democrat Robert S. Bennett, who was the special investigator during the scandal, suggested to the Senate Ethics Committee that it pursue charges against neither McCain nor Glenn, saying of McCain, "that there was no evidence against him."[22] The Vice Chairman of the Ethics Committee, Senator Warren Rudman of New Hampshire, agreed with Bennett, but the Chairman, Senator Howell Heflin of Alabama, did not agree.[9] en.wikipedia.org