February 11, 2008
Does Possible John Glenn Endorsement Mean Hillary Clinton Prepares to Battle McCain?
Greg Sargent at TPMElectionCentral cites sources claiming that Hillary Clinton's presidential campaign is about to land the endorsement of astronaut and former Ohio senator John Glenn.
This could be a sign that Clinton is looking forward to a general election battle with Sen. John McCain. John Glenn, along with John McCain is a member of the so-called Keating Five, the group of five U.S. senators who intervened with federal banking regulators to get off the case of Lincoln Savings and Loan in return for accepting massive campaign contributions from Lincoln S&L's CEO, Charles Keating.
(John McCain pulled a fast one to rescue his reputaton and career by taking up the cause of campaign finance reform like an adulterer at a tent revival meeting.)
With Glenn in her camp, Clinton is ready to respond in kind if McCain shouts "Activate Corrupt Sleaze Power!" while they battle. She will be even stronger if she can line up the support of Don Riegle and Dennis De Concini as well. (The fifth of the Keating Five, Alan Cranston, is deceased.) Gotta catch 'em all!
The Lincoln Savings and Loan scandal was the signature scandal of the Savings and Loan Crisis, the two-hundred-billion-dollar financial meltdown that plagued the administration of President George H.W. Bush. In a move that prompted many to ask, "What was he thinking?", President Bill Clinton appointed Dennis De Concini to the board of directors of the Federal Home Mortgage Loan Corporation (Freddie Mac). Freddie Mac is now up to its neck in the subprime lending crisis. It would be understandable if this constellation of facts led the more paranoid among us to construct a Grand Unified Theory of political corruption and financial malfeasance.
Previously in As I Please:
Open Letter to Duncan Black
NY Times' Adam Nagourney Whitewashes McCain's Campaign Finance Record
Tags: hillary clinton john glenn john mccain keating five lincoln savings charles keating corruption bribery savings and loan crisis subprime mortgage crisis politics campaign 08 election president
Posted by abostick at February 11, 2008 07:12 PM