Charles Keating III and McCain, than a member of the U.S. House, celebrate their August birthdays [McCain's 51st] at the Keatings' beachside estate at
Cat Cay in the Bahamas [1987 photo]
Obama takes the gloves off and launches a new website: KeatingEconomics.com: John McCain and the Making of a Financial Crisis. The website will have a 13-minute documentary on McCain and the Keating Five, available at noon tomorrow. Can't wait.
McCain is trying to smear Obama with guilt by association.
McCain and Charles Keating is guilt by guilt. Charles Keating gave John McCain over $100,000 in campaign contributions between 1982 and 1988, went into business with Cindy McCain, wined and dined the McCains in the Bahamas: and John McCain tried to keep his friend and benefector from being stopped by federal regulators. American taxpayers ultimately lost at least $130 billion in the 1980s S&L scandal.
And John McCain has heedlessly championed deregulation ever since. This time it's going to cost taxpayers a trillion dollars.
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