Monday, October 06, 2008

Finally, the Keating Five Scandal

The Obama campaign is unveiling a ten-minute video at noon EST, available at , finally bringing the very relevant Keating Five scandal and John McCain's central role into this campaign. McCain was reprimanded by the Senate in 1991 for aiding his political patron, Charles Keating, chair of the Lincoln Savings and Loan Association, which made risky investments with people's money, taking advantage of deregulation of the 1980s, sadly similar to the actions of banks in the middle of the financial crisis today. Read more about it here.

It may be about hitting back against McCain because of the nasty smears of Palin and McCain against Obama, but it's also a very important story that is very much about this election and this economic situation. It's relevant for people to make their decisions about John McCain, economics and ethics, and this story illuminates them in that regard. Make sure to go to the site, keatingeconomics, at noon EST and discuss it here. We'll be playing it and talking about it on the show today as well.