Bank Failure Count: 2008's 11th bank fails, McCain's son was director

So what? You have any adult offspring?
It will be a new dawn when 30-50 year old "kids" really care about what their father's 2 cents.
As I have many times before - if you want to to do politics, than let us get after those that caused this problem by not stopping it in the bud. (and I don't mean the beer)

I nominate Sen Baucus and Rep. Franks as they are the heads of the Congressional finance committees. I also note that they are both Democrats, but at least I acknowledge that the committees also have Republican members - our problem is the result of people not doing their jobs and it is entirely non-partisan.

Partisan politics belongs in the political forums.

Oh, I forgot - please tell the world something new:

FDIC STATEMENT: We close banks on Friday so that there is little effect on depositors.

Echo?

This is just another example of mccain "family values" ..

senile idiot.....glad mccain is age the end of the curve ;)

Why the hell hasn't AOL pulled you from this blog roll yet?

You teach at a business school, right? So you should know a little bit about how a BOD works, right?

If you see a director join a board, including the audit committee, in February, then resign in July, what inference do you make? I think most people that know anything about boards would assume that he felt something was wrong but was in disagreement with the rest of the board, so he left. That should have raised warning flags for investors, at the least.

Regarding Keating, the Senate report states "Senator McCain has violated no law of the United States or specific Rule of the United States Senate" and he was cleared of all charges.

You bring discredit to Babson. I can't believe they give you access to a classroom.

Are you a bad driver if your adult, adopted son gets a speeding ticket? That's what you are inferring.

Peter, I read your posts but many seem to be so uninformed and transparently political that I have to agree that your status here should be questioned.

Not to mention the facts thats board members that are brought out in comment #4.

Your assignment. Quit teaching, get a job, and learn how the business world really works. Then report back to us.

Apparently liberals will stop at nothing to smear McCain, even to the point of trying to infer wrong doing by his ADULT son. How many of us are responsible for the actions of our ADULT children?? It would seem he was not on the board long enough to make any major decisions or do any damage. I would gather he felt uncomfortable with something and pulled himself out of it. And, the 11th bank to fail in 2008? In the WHOLE of the USA? Out of HOW many banks??? It does not seems so bad statistically. Instead of trying to use guilt by family membership, how about some focus on Dems who can't keep their pants on...like Edwards, Hart and Clinton?

from the notes, you are Mccain fans.I suggestneither party is worth a nickle.Mccain smears himself,he doesn't need help.Since he lied to his current wife ,when he met her,he's pushed illegal immigration,he admits to knowing nothing about business,and panders to anyone he can buy.Bush ,lieing,and bankrupting his business didn't disqualify him,why should it mccain.

I agree with most posters. You are mis-guided and partisan. Glad my kids don't go to Babson. Since this is a political blog (apparently) I say vote for McCain since creeping socialism will destry America as we know it.

I agree to a point. If Al Gore's son gets caught with pot, or some other kid of a legislator gets in a minor traffic accident, frankly its not big news.

Now when the son of a presidential candidate is deeply involved in a bank failure that cost the FDIC billions, and his job was "financial oversight", then maybe it is worth an article.

Congrats Andrew McCain for bailing out before you got caught and as far as you referring him as an adult son, the apple doesn't fall far from the tree.