Obama Releases Documentary On Keating 5 Scandal

Barack Obama has released a 13 minute documentary that details John McCain’s ties with the Keaton 5 scandal of the 1980’s. Charles Keating, an Arizona businessman, went to prison because of the savings and loans crisis in the 80’s. They tie that financial crisis with the current one, and blame McCain because of his “attitudes about economic oversight and corporate influence in federal regulation.” The Obama camp claims “The Keating scandal is eerily similar to today’s credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules. And in both cases, John McCain’s judgment and values have placed him on the wrong side of history.” They also have a website so you can donate while you watch the video.

Here is the documentary “KEATING ECONOMICS: John McCain & The Making of a Financial Crisis”;

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