So, what were Andrew McCain's "personal reasons" for resigning from the board of his failed bank?
Now, since John McCain's son, our Andrew, isn't a 17-year-old girl or a special needs baby, it's less fun to go after him, but still. AP:
Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development.
Nevada regulators closed Silver State and the Federal Deposit Insurance Corp. was appointed receiver of the bank, based in Henderson, Nev. It had $2 billion in assets and $1.7 billion in deposits as of June 30.
Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
What was it Bill Clinton used to say... "That's the...." No. "It might be..." No. "It's a ....", no, but maybe ... "It's the... It's the... It's the 17-year-old's uterus?" No, not quite. "It's the eccch?" ... "It's the ecdysiast?" ... "It's the EC?" No, none of that seems right.
Wait, wait, I think I've got it:
It's the economy!
Seriously, this should be a no-brainer, right? The Feds just seized Fannie Mae and Freddy Mac, banks are folding as bad as the A listers in February, Andrew McCain's bank folded, and he was on the audit commitee. What were his "personal" reasons for leaving? Maybe he knew the shitstorm was coming, and wanted to get away clean? Like Father, like son. Here's a living, breathing, walking, thinking (one assumes) example of how the Republicans fucked the economy, and I bet the story is a very simple one that anyone can understand.
So, let me mosey over to the A listers and check out how this story is playing out. The Obama 527 Formerly Known as Daily Kos? Nada. Jeralyn? Nada. Atrios, to his credit, posts on it. Oh well. Palin's so much more shiny. And she is a woman, so for so many of our "progressive" blogs, it's a two-fer!