In Canada or in the U.S.A. a Federal regulatory board is legally required to act fairly. Can you imagine the shitstorm that would arise if either Parliament or Congress set up a body with statutory regulatory powers over powerful industries and the enabling statute said that the board was NOT required to act fairly, that it could unfairly penalize, for example, Jews or blacks according to the prejudices of the chairman? Yet we have Ami trying to tell us,
<<You do realize that this "basic fairness" of regulators is another crock of crap that you're also throwing around to see if it sticks? >>
Ami goes on to "prove" that there is no basic legal duty of fairness with the following exposition:
<<You know who was running that "basically fair" board of regulators in 1995? DeConcini, the guy that Keating originally went to, the former Senior Senator from Arizona. Bill Clinton appointed him.>>
Oh. I guess that settles it. The board has no legal duty to act fairly because its chairman was appointed by Bill Clinton. Case closed.
Let's get back to the real world, OK? EVERY federal regulatory board, Canadian, American, British, whatever, is under a legal duty of fairness, EVEN if the chairman was appointed by Bill Clinton. (It's a fact - - see the famous "Clinton clause" that's usually tacked onto the end of every American regulatory statute: "The duty of fairness hereby required of this Board and its Chairman applies notwithstanding that the said Chairman was appointed by President William Jefferson Clinton." True story. Pick any regulatory statute. Check it out.) Now I am sorry to say that it has been known that boards and their chairmen on occasion will violate that basic duty of fairness. This is actually a GOOD thing, because it is those little violations that give employment to a whole swarm of high-priced law firms and their supporting staff, who specialize in nothing but guiding their wealthy and powerful clients through the complex mazes of Federal regulation. These guys are keener than bloodhounds in sniffing out any trace of procedural or substantive unfairness, violations of natural justice, , bias, prejudice, denial of natural human rights, etc., etc., etc. and are contantly making threatening phone calls and sending threatening letters and e-mails to Federal regulators about it. Of course the threats would be empty, were there no review and appellate boards within the regulatory system and courts outside the regulatory system, all with the power to grant redress (and sanctions!) to victims of boards which act unfairly. There are lawyers who exist ONLY to get redress and to fight unfairness in the Federal regulatory system overseeing the financial services sector.
It is inconceivable that Keating would not have lawyers who could determine far more accurately than McCain's highly limited intellectual powers would ever be capable of, whether or not Keating's companies were being treated unfairly. If McCain had even a smidgen of interest in the subject, he'd have met with Keating's lawyers, reviewed their complaints of unfairness to the regulators (or their internal memoranda if no complaints had been made yet) and reviewed any answers that the regulators might have made to the complaints.
The idea that McCain met with the regulators "to see if Keating was being treated fairly" is, on its face, preposterous. That is a lawyer's job, not a Senator's. Obviously he could only have been there to intimidate, through the stature of his office, the "lowly" civil servants who dared to make trouble for McCain's wealthy patron, who took the crooked little weasel on free luxury vacations and donated, apparently, as far as official sources are aware, at least $100,000 to McCain's campaign.
The video would have to make it very plain that Keating had sent a clutch of Senators to do what was essentially a lawyer's job. Yet he obviously had a whole mob of high-priced lawyers specializing in that one particular area of Federal regulation at his disposal. So the question has to be, WHY? Why would the convicted felon send a bunch of corrupt U.S. Senators to do what any good regulatory lawyer would do better, determine if Keating's treatment at the hands of the board would be fair?