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As one of the "Keating 5", and in fact the only one who was an actual business partner with Charles Keating ( through his wife ), we should presume that John has an inside track on understanding how to meld down a financial system.
What was the solution to the S and L meltdown orchestrated by Keating/Bush/McCain? Federal bail out. What will be the solution to the current banking system collapse? Bailout orchestrated by Bush/McCain. Go figure.