Would you like to see how John McCain’s cheer-leading of deregulation of the financial services industry led to the current assault on the economy, and the siphoning off of at least $700B from the taxpayers like you and me? Here’s a good summary, by “Devilstower” of Daily Kos. It’s called “Three Times is Enemy Action.” [1]
This article eventually bears down on the concept of the “credit default swap market,” offering some staggering and horrifying statistics that have to be seen to be believed.
Take your choice: McCain is either A) massively ignorant or B) he consciously facilitated our economic meltdown to help his friends (his friends have included Charles Keating, which whom McCain and his family vacationed on Keating’s private jet). Either way, McCain was at least a “loyal acolyte in the cult of deregulation.” At a minimum, McCain has been publicly exposed as certifiably unqualified to continue serving in any public office.
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