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The Return of McCain’s Keating 5 Scandal
Posted on October 6th, 2008 by ZP Heller -

John McCain has called his Keating Five experience “the worst mistake of my life.”  The Obama campaign, however, insists McCain has learned nothing from this mistake.  Today at noon Eastern, they are launching a 13-minute documentary highlighting McCain’s involvement in the savings and loan scandal: www.keatingeconomics.com

In the 1980s, McCain strong-armed federal regulators to protect Charles Keating, the crooked banker at the center of the S&L crisis.  McCain had accepted $112,000 in campaign contributions, gifts, and trips from Keating, a McCain family friend.  Keating went to prison; McCain was only rebuked by the Senate Ethics Committee for his “poor judgment.”

While McCain has tried to rebrand himself as a reformer since the darkest days of his congressional career, his hand in the current economic crisis echoes his Keating Five experience.  McCain and his economic adviser Phil Gramm led the charge on the deregulation that helped cause the financial collapse, and McCain’s campaign manager Rick Davis was on Freddie Mac’s lobbyist payroll from 2005 until August 2008.  And both the 1980’s S&L scandal and the current economic meltdown resulted in massive bailouts at the taxpayers’ expense.

Check out www.keatingeconomics.com at noon Eastern to learn more about McCain’s unethical pattern of pushing for deregulation.  Politico has more on this story.

UPDATE: McCain’s own strategist admits, “If we keep talking about the economic crisis, we’re going to lose.

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    Bush,Bush, Bush. How are we to know what you have inside your mind. Those killer's eyes. I've seen your pictures in the paper and seen those killer's eyes that were deep inside. I knew you would kill as you see things rather than use your brain. Now I see you on T.V. with those killer's eyes lieing and lieing through those killer's eyes. Baby Bush just wanted to out do Daddy bush. You have oil running through your vains and not blood like a real warm blooded human beings. You are more like the Muridae which spread disease, people thought of Them as unclean animals and bad omens. In Christian mythology, They consorted with the Devil, and gnawed at the Tree of Life. In addition, people considered what Muridae did to be prophetic. Muridae scurrying about and squealing meant a storm was coming. Moreover, gods sent Muridae into people’s homes to teach them not to hoard. These Animals would gnaw at everything the person owned. Add it up more than 2800 have died for your OIL BUSH. Doctor, Doctor, Doctor help him. I know you will understand there is a self destructive nature in him Bush is just a man child. Who is going to get America spanked with more deaths. I see this in his killer's eyes.
    ALL I HAVE TO DO IS CHANGE THE NAME FROM BUSH TO McCAIN AND THIS WOULD READ THE SAME IN 2009. THINK ABOUT IT. THEY BOTH HAVE BLACK EVIL HEARTS, WHICH ONLY BLEED GREEN$$$$$$$$. THINK AOUT IT
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Robert Greenwald
director/producer/activist
produced/directed Iraq for Sale
ZP Heller
editorial director
Brave New Films
Jonathan Kim
story producer/blogger
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