The Washington Times reports that in 1986, John McCain wrote a note on House stationery to Charles Keating, chairman of a failed savings and loan association who went to prison in the late 1980s. In the letter, McCain
apologized for listing Keating as part of his Senate campaign finance committee. Keating wrote in response: “You can call me anything, write anything or do anything.
I’m yours till death do us part“:
McCain has acknowledged his friendship with Keating, who helped
funnel campaign contributions to McCain in the 80s. After Keating turned to McCain to
try to stave off government intervention during the scandal, the Senate Ethics Committee admonished him for seemingly
intervening with federal regulators on behalf of Keating.
McCain's role in this economic crisis can't be emphasized enough.
Keating EconomicsGUILT BY GUILT....Second, as Ben Smith noted, "(T)he story of McCain and Keating is not guilt by association; it's guilt by guilt. McCain's problem isn't that he knew Keating in activities unconnected to his wrongdoing; it's that Keating, in the course of his wrongdoing, gave McCain money and tried, with a bit of success, to use him to influence regulators. It's also part of the case Obama's making that McCain has opposed necessarily financial regulations."