tag:blogger.com,1999:blog-9827454.post6746433751496374997..comments2023-10-23T12:23:54.134-05:00Comments on Larry James' Urban Daily: Failing capital markets and the extremely poorLarry Jameshttp://www.blogger.com/profile/06124477733714017000noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9827454.post-7500120254417877692008-09-23T21:50:00.000-05:002008-09-23T21:50:00.000-05:00This is indeed a powerful and authentic post.It's ...This is indeed a powerful and authentic post.<BR/><BR/>It's enlightening to hear about the struggles CDM has in bringing these projects to fruition. If your organization has them with your experience, talent and expertise, then they're a tough sell indeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9827454.post-26385517905033148422008-09-23T17:53:00.000-05:002008-09-23T17:53:00.000-05:00I love what Steve Benen wrote recently: Newsweek'...I love what Steve Benen wrote recently: Newsweek's Jonathan Alter explained this very well last night on MSNBC's "Countdown."<BR/><BR/>"[Y]ou remember the Keating Five scandal that he was a part of, which, by the way, it's crazy but there's been very little about it in the press in the last few weeks," Alter said. "And McCain thinks he's getting a hard time, he's really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country. But his reaction to that, you would have thought, would have been more regulation of the financial services industry. Instead he moved forward on campaign finance reform after being caught in that scandal, but did nothing -- nothing -- to try to prevent another savings and loan crisis from happening down the road. He was missing in action when it came to even learning the basic lessons of a scandal that he said taught him all kinds of things that he would never forget."<BR/><BR/>I suspect editors at the major news outlets would say they're blowing off McCain's role in the Keating Five scandal because it's a 20-year-old story. It's a fair, but incomplete, point.<BR/><BR/>The story may be old, but it's recently become surprisingly relevant to current events -- we are, after all, talking about a scandal involving major bank failures, financial fraud and greed, and political ineptitude. Sound familiar? For that matter, McCain is running with a message about his ability to "reform" both DC and Wall Street, so it's hardly unreasonable for reporters to compare McCain's platform to McCain's record.<BR/><BR/>As Josh Marshall concluded, "Let's face it. On major economy-imperiling financial scandals brought about by lax regulation and help from lobbyist-encrusted politicians, McCain really is the candidate of experience."<BR/><BR/>Food for honest thought! <BR/><BR/>Paula JohnsonAnonymousnoreply@blogger.com