This is the story that the media refuses to mention. With the economic meltdown that we are witnessing, shouldn't the media be reminding the American people that John McCain was involved in the Keating 5 scandal?
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).
Well, Obama is doing just that and I think it's about time. Check out this new site called: Keating Economics. There will be a 13 minute documentary available at 9AM PST/NOON EST today.
Make sure you watch and learn. This is a real scandal with real news that had an huge impact on our whole financial system. Not some silly Sean Hannity/FOX News phony talking points nonsense.
I've posted on the new Keating 5 movie called "Third Term" here as well.
Sen. Barack Obama (D-Ill.) on Monday will launch a multimedia campaign to draw attention to the involvement of Sen. John McCain (R-Ariz.) in the “Keating Five” savings-and-loan scandal of 1989-91, which blemished McCain’s public image and set him on his course as a self-styled reformer.
The Obama campaign, including its surrogates appearing on radio and television, will argue that the deregulatory fervor that caused massive, cascading savings-and-loan collapses in the late ‘80s was pursued by McCain throughout his career, and helped cause the current credit crisis.