This is the subject John McCain would like many to forget about, but since it concerns the financial markets, which recently caved, the matter of the "Keating Five" scandal comes front and center in the election campaign.
The "Keating Five" scandal consists of five elected officials, four Democrats, none of them active anymore and one Republican -- John McCain. McCain had a close relationship with Charles Keating, the CEO of Lincoln Financial. Keating gave each official, including McCain well over $300,000 to have them hold off the Federal Government from checking into allegations of fraud. McCain himself got over $100,000, making him the largest benefactor of Charles Keating's fiscal gift.
In turn, McCain held off scrutiny, but was eventually caught. McCain was found guilty by the Senate Ethics Committee of using "poor judgement" in his dealings and relationship with Keating.
Now, the question of what John McCain's learned -- nothing -- comes up again. There's a new website that's focused on this called "Keating Economics" and on October 6th at 12 noon -- that's tommorrow -- a new video on the subject will be released.
Stay Tuned.
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