Matt Cooper ( Portfolio.com ) submits: J. Jennings Moss reports: Remember Charles Keating? Barack Obama’s presidential campaign hopes so. But just in case you don’t, the campaign today released a 13-minute online documentary about the poster child for the savings and loan crisis of nearly 20 years ago, and of John McCain’s involvement in it. The video, "Keating Economics: John McCain and the Making of a Financial Crisis", was posted on a special minisite, KeatingEconomics.com , shortly after noon EDT. Complete Story »
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Former US Republican presidential candidate John McCain has retaliated against Jackson Browne for filing suit against him for allegedly using his 1977 hit song ’Running On Empty’ in his advertising campaign without his permission. ... more
CBS News
GOP Faithful Like Palin, Romney, Huckabee in 2012Gallup Poll News, DC - 48 minutes agoRomney and Huckabee unsuccessfully sought the presidential nomination versus John McCain, and McCain tapped Palin as his vice-presidential running mate. …Mike Huckabee in 2012? guardian.co.ukBlogging the Right Thing: “I Love Iowa” Culture11Huckabee won’t rule out 2012 run for president [...]... more
The gloves are off From: gilmoure.tumblr.com Post Date: 2008-10-06 07:38:59
Keating Economics site, payed for by Obama for America.
Looks like Obama campaign is going for body blows now. ‘Course, it’s pretty easy when you have facts and history on your side.
Good news from New Mexico; Obama’s ahead 5 points and local senate race has Udal (Dem) ahead 10 points. Turning blue, here. ... more
  Charles Keating was the founder of the Cincinnati, OH law firm Keating, Muething and Klekamp, which handled security work for Marvin Warner, and Home State Savings, responsible for another costly securities fraud case in the S:L debacle. In 1984, he bought the CA based Lincoln Savings : Loan, and within 3 years involved the thrift with large investments in junk bonds, real estate projects, and other high risk ventures that benefited the American Continental Corporation.  Charles... more
Wow. Here’s a sobering assessment and projection of the U.S. auto industry’s fate during the next several months, along with a prediction of what will happen to the financial markets once the vote-counting from the November 4th election is finished. (Mike) Yet another reason this is becoming not just a U.S. economy crisis, but a world crisis. Also, if you know anything about the U.S. banking system, then this post will scare the pants off of you . (Mike) More endorsements f... more
the fact that Joe "The Plumber" Wurzelbacher is a relative of one of the Keating 5 (Charles Keating), who happen to be close friends with McCain? And that Joe actually owes back taxes?... more
Michael Panzner submits: When I turned on my computer and saw that equity traders had driven S&P futures sharply higher in Sunday night trading on the heels of today’s Fannie Mae-Freddie Mac "rescue," I immediately thought of the following Bertrand Russell quote: The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Complete Story »
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Stockerblog submits: North Dakota’s economy is mainly dependent on agriculture, 25% of its economic base to be more precise. Natural resources are the most valuable asset this state possesses. Consider the following key facts about North Dakota: It ranks number one nationally for its potential to produce wind power. The state also produces biofuels like ethanol and biodiesel. There are more than 160 certified organic farms in the state. North Dakota lower... more
Kunal Vakil submits: Wow! As I write this, the S&P futures are up 33 points with the Dow Jones futures being up nearly 300, and Nasdaq 100 up 38. The market is all cheered up over the news that Freddie Mac (FRE) & Fannie Mae (FNM) are going to be taken under conservatorship by the Federal Government. It appears that this news was leaked in the final hour of trading on Friday as the market, and especially the financials started rallying pretty strongl... more
Jack Walker submits: After consolidating and making a continuation pattern between 76 and 77, the US Dollar Index [DX] broke out above 77 ½, traded as high as 79.077 on Thursday and then closed Friday at 78.932. For a currency with many trillions outstanding, we think a 10.87% move in seven weeks is “too high too fast” and we should now expect a correction back to 76 or perhaps even 75. The apparent overhead resistance is at the 80 level where it made a pivot at 80.... more
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