Cranky Cracker John McCain is desperate to change the subject away from the tanking American economy during these last 29 days before the election. So the McCain campaign has decided to try and paint Barack Obama as a shady character with shady associates. Ooooohhhh … he’s a scary black guy with scary black friends!!!
But John McCain has his own shady associations – and the biggest of them all has been Charles Keating, former chairman of Lincoln Savings and Loan. John McCain was a member of the infamous “Keating Five”.
From Wikipedia:
The Obama campaign has produced a 13-minute video which explains the Keating Five scandal, and John McCain’s involvement in it. Please pass it along to people who might still be considering to vote for John McCain.
But John McCain has his own shady associations – and the biggest of them all has been Charles Keating, former chairman of Lincoln Savings and Loan. John McCain was a member of the infamous “Keating Five”.
From Wikipedia:
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 intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
Lincoln Savings and Loan collapsed in 1989, at a cost of $2 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings. The substantial political contributions that Keating had made to each of the senators, totaling $1.3 million, attracted considerable public and media attention. After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings, with Cranston receiving a formal reprimand. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
The Obama campaign has produced a 13-minute video which explains the Keating Five scandal, and John McCain’s involvement in it. Please pass it along to people who might still be considering to vote for John McCain.
We cannot afford four more years of the same.
