Keating 5 Scandal – Something to think about…

I don’t have time to comment extensively on this just yet, but I will edit the post later with my thoughts.

This is a short documentary (released by the Obama campaign for the sake of full disclosure) that argues that John McCain directly contributed to the creation of the conditions for the banking collapse through his involvement with the deregulation of the Lincoln Savings and Loan in the 80s. It is also suggested that Charles Keating who ran the savings and loan previously made a significant financial contribution to McCain’s campaign. Like I said, more to come later, but at first blush I feel pretty confident when I say (nothing more, nothing less than) that I believe that the economic policies of John McCain are systematically incapable of solving the economic crisis long term.