Could there be any more appropriate time to talk about the Keating Five?  While financial institutions are failing all around us because of lax oversight, can we please talk about John McCain’s involvement in seeking regulatory relief for a friend and political contributor, causing the loss of millions by stockholders, depositors, and taxpayers?

Ohio Senator Sherrod Brown says, yes we can:

"It is not so much his economic proposals but his economic record," Brown said of McCain. "His main adviser is Phil Gramm — he was his mentor in the Senate — and you just tie it all together. Of course John McCain supported the oil industry, he has oil lobbyists working for him. Of course John McCain supported these trade agreements, he has got Wall Street people working for him… It is all wrapped up together. John McCain is a creature of these interest groups in Washington. He is no maverick and, from the Keating Five on, his ethics have been questionable. He’s not a maverick and Barack has got to just keep hammering on that." 

Every single Democrat can now talk about the Keating Five. It’s out of its secret, mystery box where it lived with Vicki Iseman, his abandonment of his first family, and his reputation for crashing planes.

So let’s hear it, Democrats. When John McCain spells out his brand-new plans for financial regulation, let’s remind Americans what John McCain thought about financial regulation the last time the financial system teetered on the brink of catastrophic failure: he thought the regulators should leave his friend alone.

And that’s not change we can believe in; that’s more of the same failed policies. Or exceptions to the same failed policies if you’re John McCain’s friend.

[YouTube of CNN’s "John McCain Revealed" segment courtesy of The Jed Report]

Teddy Partridge

Teddy Partridge

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