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Campaign Now Claims McCain’s Admitted Keating Five Wrongdoing a Smear

Back in 1999, John McCain acknowledged his role in the 1980’s Keating Five savings and loan scandal that rightly stained his career. “The fact is,” he said, “it was the wrong thing to do, and it will be on my tombstone and deservedly so.” But again facing withering criticism as a second financial crisis grips the United States, his campaign today instead claimed McCain’s intervention 20 years ago with federal regulators on behalf of future convicted felon Charles Keating was merely “a political smear job.”

As AmericaBlog and Politico reported, the campaign deployed McCain’s lawyer John Dowd to rewrite history on his client’s behalf during a conference call Monday:

McCain lawyer John Dowd described McCain’s “former relationship with Charles Keating as ‘social friends,'” and called the situation a “classic political smear job on John.”

Sadly for McCain, Dowd’s yarn matches neither the facts nor McCain’s self-proclaimed resurrection as a reformer in the wake of his near-death experience in the Keating Five imbroglio.

Earlier this year, the Boston Globe summarized McCain’s close relationship with Keating and his decision to intervene with federal regulators on his behalf:  read the rest

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September 12, 2008 Posted by | Uncategorized | Leave a comment