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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.

5 Comments

Bring it on. If only Hotline would investigate Obama's involvement with Fannie/Freddie as much as the media investigated the Keating 5 in the 80s...

If the McCain camp is willing to resurrect old issues then it is a fair game for the Obama camp to do so as well, especially the Keating Five issue is factual and relevent to the current economic difficulty. I have watched the web site on line and as far as I remember it did not attack McCain's "integrity" (I happen to think he has none left now if he ever had any) though his lack of good judgment is clear.

As to those who say that takes Obama down a "notch" because of his stooping, well, it is unfortunate but it is still better than take it in the chin without hitting back.

Look, McCain clearly has the same type of personality as Bush - gambling everything instead of trying to understand the issues involbed. His kowtowing to the Republican and Chrisitan right makes it even worse because one can at least argue W is sincere in that. Picking Palin, campaign "suspension", are clearly indicative of his doubling down nature. So the question is, all aside, can the country afford another term of a betting-by-the-guts type after 8 years of W?

If the McCain camp is willing to resurrect old issues then it is a fair game for the Obama camp to do so as well, especially the Keating Five issue is factual and relevent to the current economic difficulty. I have watched the web site on line and as far as I remember it did not attack McCain's "integrity" (I happen to think he has none left now if he ever had any) though his lack of good judgment is clear.

As to those who say that takes Obama down a "notch" because of his stooping, well, it is unfortunate but it is still better than take it in the chin without hitting back.

Look, McCain clearly has the same type of personality as Bush - gambling on everything instead of trying to understand the issues involbed. His kowtowing to the Republican and Chrisitan right makes it even worse because one can at least argue W is sincere in that. Picking Palin, campaign "suspension", are clearly indicative of his doubling down nature. So the question is, all aside, can the country afford another term of a betting-by-the-guts type after 8 years of W?

If the McCain camp is willing to resurrect old issues then it is a fair game for the Obama camp to do so as well, especially the Keating Five issue is factual and relevent to the current economic difficulty. I have watched the web site on line and as far as I remember it did not attack McCain's "integrity" (I happen to think he has none left now if he ever had any) though his lack of good judgment is clear.

As to those who say that takes Obama down a "notch" because of his stooping, well, it is unfortunate but it is still better than take it in the chin without hitting back.

Look, McCain clearly has the same type of personality as Bush - gambling on everything instead of trying to understand the issues involbed. His kowtowing to the Republican and Chrisitan right makes it even worse because one can at least argue W is sincere in that. Picking Palin, campaign "suspension", are clearly indicative of his doubling down nature. So the question is, all aside, can the country afford another term of a betting-by-the-guts type after 8 years of W?

It is evidently clear that mcshame is desparate and panicking and i think this is the only differrence between him and bush, but he should realise that negative campaigning exposes weakness in his campaign and of course confirms his poor judgement.mcshame you can't compete in stupidity because a smart guy will simply be more stupid.pse talk about issues and if you've got better ideas you simply win.