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McCain Dodges Keating Bullet, For Now

Newsweek 's Alter sees 'free ride' for candidate involved in 'last great financial scandal'

By Harry Kimball,  Newser Staff

Posted Sep 23, 2008 3:00 PM CDT

(Newser) – John McCain is getting a free ride amid the current US financial storm, Newsweek’s Jonathan Alter told MSNBC’s Keith Olbermann last night, citing the Republican’s involvement in the Keating Five savings-and-loan debacle of the late 1980s. “McCain thinks he's getting a hard time, he's really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country,” Alter said.

 “He was missing in action when it came to even learning the basic lessons of a scandal that he said taught him all kinds of things that he would never forget,” Alter added. If the media would look hard at McCain’s past, Nick Juliano and David Edwards note in the Raw Story, his attempts to paint himself as a regulator might ring more hollow.

Charles Keating, Jr.
Charles Keating, Jr.   (AP Photo)
Sen. John McCain, R-Ariz., left, sits with his attorney Plato Cacheris during a Senate Ethics Committee hearing in 1990 over the Keating scandal.
Sen. John McCain, R-Ariz., left, sits with his attorney Plato Cacheris during a Senate Ethics Committee hearing in 1990 over the Keating scandal.   (AP Photo)
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He's trying to confuse us...on two words: reformer and regulator. He thinks that if he says reformer enough, people will believe that he also had faith in regulation. - Jonathan Alter, on John McCain

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