Navy Seal, Runner, infamous grandson killed in Iraq

3 guys on the Academy swim team getting commisioned this spring and heading for SEAL training. Swimswam posted their grads and postings last week...

https://swimswam.com/video-tribute-navy-mens-class-2016-prepare-commi/

that makes sense, either of those are possible. I know I had a 6 month stint in DEP before going to boot camp, so he might have had a similar deal. Didn't realize SEALs were push button either, but no real surprise there. Thanks for the info.

Yes Gary Sr married into the Keatings. I went to their house in Pheonix before Sr moved to Florida. 4 lane 25y pool at the house. I think the house was owned by his wife's family because she made a joke about it being a short commute to practice as a teen.

Rather unrelated, but its kind of inspiring that he was a competitive distance runner and a SEAL

I think the U.S. SEALS should create a juniors squad for the motivated high school "distance runner and distance swimmer" including females.

The running SEAL Keating's grandfather, Charles Keating, was chiefly a scapegoat for the 1980s Savings&Loan and "Junk Bond" crisis that brought down more than 1000 S&L's. But junk bonds, then a controversial innovation, revived dramatically in subsequent years and have since become staples of finance for companies excluded from the corporate bond and loan market. Later calculations showed that if the S&Ls that had bought junk bonds had not been forced to sell them at the bottom, many of these banks would have survived and even prospered.

Keating was said to have consciously inflicted later worthless securities on his customers. But executives at companies that later go bankrupt are always said to have "known all along." As one who has been embroiled in several bankruptcies I can attest to the fact is that you almost never know until it happens. Most entrepreneurial companies come near to bankruptcy from time to time as expected income fails to appear for some reason. It is always shocking when all your plans fall through.

Keating's use of high yield securities (junk bonds) seemed reasonable at the time. It became criminal in retrospect, when prosecutors sought scapegoats for the junk bond and S&L collapses that regulators had largely fostered by combining deposit insurance with a regulatory regime that could not deal with the financial innovations of the era.

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Tybho wrote:

I didn't know Anapolis accepted transfers, confusing. And aren't most Seals enlisted ranks? You would go to Anapolis to become a Seal, you'd just enlist and apply.

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