Sunday, October 05, 2008

Obama campaign will go after McCain on the Keating 5 Scandal

WE'VE MOVED! Democratic Convention Watch is now at

Barack Obama continues to go on the offensive and shows no signs of becoming overconfident by his recent poll numbers.

Tomorrow at noon Eastern Time a documentary about McCain's roll in the Keating 5 will be released on

The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.

John McCain was accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association. The bipartisan Senate Ethics Committee launched investigations and formally reprimanded Senator McCain for his role in the scandal -- the first such Senator to receive a major party nomination for president.

In other news...
“Because of campaign finance issues, John McCain has had to return over $1.2 million to donors who potentially violated the law with their contributions. We look forward to a thorough investigation into whether John McCain’s campaign has returned all of the money it raised from foreign nationals, as they have admitted McCain-bundler Harry Sergeant has done. Without accepting a dime from the Washington lobbyists or corporate PACs that have funded John McCain's campaign, our campaign has shattered fundraising records with donations from more than 2.5 million Americans. We have gone above and beyond the transparency requirements by disclosing our bundlers and the levels of contributions they raise. We constantly review our donors for any issues and while no organization is completely protected from internet fraud, we will continue to review our fundraising procedures to ensure that we are taking every available to step to root-out improper contributions,” said Obama-Biden spokesman Bill Burton.

Is McCain getting desparate? Now he's engaging in tactics that even John McCain would protest