Blue Herald » Greenspan and the Keating 5 Scandal

Oct

by QuestionGirl • 9:45 am

Again this morning on Morning Joe, Scarborough brings on Andrea Mitchell to ask about McCain and the Keating 5. Truly I am sick to death of her covering the financial crisis and now the Keating 5 scandal. Her husband, Alan Greenspan, sits smack dab in the middle of both. MSNBC needs to stop this shit. It’s a conflict of interest and if she’s going to talk about this shit she needs to clarify that she is the wife of Alan Greenspan before doing so.

From a post at Unbossed(a great blog…check it out):

In order to head off the re-regulating talk, Charles Keating hired an up-and-coming economist named Alan Greenspan to review Lincoln Savings assets. Greenspan, also an opponent of government regulation, gave the bank a glowing review. Greenspan recommended that Lincoln Savings be exempt from any new regulation.

Mr. Greenspan described Lincoln’s management as ‘’seasoned and expert in selecting and making direct investments,” as having a ”long and continuous track record of outstanding success in making sound and profitable direct investments,” as succeeding ”in a relatively short period of time in reviving an association that had become badly burdened by a large portfolio of long-term fixed-rate mortgages” and that it had ”restored the association to a vibrant and healthy state, with a strong net worth position.”

Tags: Andrea Mitchell, Keating, Greenspan
Filed: Sick of This Shit

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