McCain Dodges Keating Bullet, For Now

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. (More John McCain stories.)