Mad Clipper Comes Back
“The S&L scandal, which George Will calls ‘the costliest debacle in the history of America,’ and the media’s shameful reporting of it, have reinforced our negative opinions about the Democrats, Republicans, Reagan and the media, all of whom have betrayed the America of our Founding Fathers. Damn the traitors!”
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“The press didn’t miss the story,” he writes, “and we have boxes full of S&L stories, from 1980 on, to prove it.”
A 1981 headline: “70% of nation’s S&Ls lost money”
“Those stories should have appeared on the front page but the editors, obviously, do not want their readers to be reminded of “the biggest white-collar swindle in the history of our nation.’ The editors don’t care about the people who have been screwed by the crooked banker friends of the White House and the Congress.”
So anyway, Bill Nigut Sr. passes harsher judgment than we do and God bless him for that. While he was on the subject of the S&Ls, Nigut wanted to know why the media aren’t telling the whole truth about S&L wheeler-dealer Charles Keating Jr. Everybody’s heard of the Keating Five, the five senators blessed by Keating who did their best to bless him in return. But what about the sixth lucky public servant that Keating smiled on?
