Obama Launches Keating Economics

The Obama campaign has launched http://www.keatingeconomics.com/, a website that exposes McCain’s involvement in the Keating Five scandal.

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 aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).

-Wikipedia

Other Resources

• http://news.bbc.co.uk/2/hi/americas/7654311.stm
• http://www.cnn.com/2008/POLITICS/10/06/campaign.wrap/index.html?iref=newssearch
• http://elections.foxnews.com/2008/10/06/obama-camp-launches-ad-recalling-mccain-role-keating/