Remember Keating 5? Obama Would Like to Remind You

Video shows Mac's ties to scandal 'similar' to current financial crisis
By Matt Cantor,  Newser User
Posted Oct 6, 2008 7:49 AM CDT
Democratic presidential candidate Sen. Barack Obama, D-Ill., speaks at a rally at Memorial Stadium at Asheville High School in Asheville, N.C. Sunday, Oct. 5, 2008.   (AP Photo/Alex Brandon)
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(Newser) – Barack Obama’s campaign is releasing a video attack on John McCain’s role in the “Keating Five” scandal in the savings-and-loan crisis of the late ’80s and early ’90s, Politico reports. The video will appear online today amid what the Obama camp calls “guilt-by-association” tactics from McCain, including Sarah Palin’s recent focus on Obama’s ties to the ex-radical William Ayers.

“While John McCain may want to turn the page on his erratic response to the current economic crisis, we think voters will find his involvement in a similar crisis to be particularly interesting,” said Obama’s communications director. The Senate Ethics Committee cleared McCain of corruption charges in the Keating matter, but noted his “poor judgement.” Meanwhile, McCain’s campaign plans to focus on Obama’s connections to Ayers and money launderer Tony Rezko.