Tuesday, September 23, 2008

Hammering Home the Keating Five Message

By David Sirota
Campaign for America's Future

I went on Fox News on Monday to discuss the financial meltdown. After taking a sober look at the bipartisan nature of Wall Street deregulation, I forced the discussion to focus on John McCain's Keating Five past. It was actually a pretty incredible debate. You can watch it here:


Both the Fox News anchor and the GOP spokesman basically freaked out in a desperate attempt to hide the undebatable fact that McCain was rebuked by the Senate Ethics Committee for intimidating regulators on behalf of one of his biggest campaign donors, Charles Keating.

Just for historical reference, here is the CBS News on 3/23/08:

"In his early days as a freshman senator, McCain was known for accepting contributions from Charles Keating Jr., flying to the banker's home in the Bahamas on company planes and taking up Keating's cause with U.S. financial regulators as they investigated him...Keating and his associates raised $1.3 million combined for the campaigns and political causes of all five. McCain's campaigns received $112,000. The investigation ended in early 1991 with a rebuke that McCain 'exercised poor judgment in intervening with the regulators.'"

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