Politico: Obama To Revive "Keating Five"
ICYMI, Politico reported this morning that Barack Obama's camp will in the waning weeks of the presidential contest raise the matter of John McCain's involvement in the "Keating Five" savings-and-loan scandal of the early 1990s:
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.
Pushing back against what it calls “guilt-by-association” tactics by McCain, the Obama campaign is e-mailing millions of supporters a link to a website, KeatingEconomics.com, that will have a 13-minute documentary on the scandal beginning at noon Eastern time on Monday. The overnight e-mails urge recipients to pass the link on to friends.
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 last ‘80s was pursued by McCain throughout his career, and helped cause the current credit crisis.
Obama’s offensive comes after McCain’s running mate, Alaska Gov. Sarah Palin, spent two days telling voters, donors and reporters that Obama showed poor judgment in his relationship with the former radical William Ayers.
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