Saturday, September 06, 2008

McCain Son's Bank Goes Belly Up

I guess the apple doesn't fall far from the tree. Does anyone remember the Keating 5?
Regulators shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank in the U.S.

Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nevada. It had $2 billion in assets and $1.7 billion in deposits as of June 30.

Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
I guess like his father, he doesn't really under the economy. Being part of the audit committee that is supposed to catch these things is troubling. I wonder how much this loss will cost taxpayers. I am sure it will be less then when his father used his influence to help Charles Keating which cost taxpayers billions.

Lets hope this incident will remind people of the corruption that John McCain was part of in the Savings and Loan crisis.

Wednesday, September 03, 2008

Palin Stint As Mayor Included An Explosion of Meth Labs in Her Town

What does it say for a city government that sees its meth labs explode year over year? I say it screams incompetence. Now lets talk about Sarah Palin's record as Mayor and Governor then decide if she is ready to be a heartbeat away from the Presidency. Remember she would be second in line to the oldest President in history. Are we really willing to take that chance?

Tuesday, September 02, 2008

Does Sarah Palin Share the Views of Her Church

It seems her church feels Israel being attacked by Palestinians is justified.
After several months of scrutinizing Barack Obama's former place of worship, reporters are now taking a close look at Alaskan churches frequented by presumptive Republican vice presidential nominee Sarah Palin.

As the Huffington Post reported earlier Tuesday, Palin addressed a gathering at the Wasilla Assembly of God, asking them to pray for oil pipeline development and "God's will" in Iraq. Meanwhile, the Boston Herald and Newsweek have both identified Wasilla Bible Church as the Alaska Governor's most recent church. And it was at that Bible Church where a recent guest described a Palestinian attack on Israeli citizens as part of God's judgment coming to pass on Earth -- an analysis likely troubling both to Jews, as well as to mainstream foreign policy analysts.
This woman was not vetted at all. She was simply picked because she was a woman and she was extremely pro-life. The Republicans felt Hillary supports would support Sarah Palin just because they both have vaginas. John McCain had six months to pick a Vice President and this is what he came up. This was a purely political pick with no regard to the country he says he puts first. If you want more pain vote for McCain.

Former POW With McCain on Why He Should Never Be President.