John McCain's Keating Five Problem In 97 Seconds (VIDEO)

Here's a new video taking a look at John McCain's Keating Five problem in just 97 seconds.

The video combines archival footage of CBS and NBC News (including a report from Andrea Mitchell!) with reporting by CNN's John King aired just last month.

The bottom-line is that two decades after his role in the savings and loan crisis, John McCain is still the same old guy, more focused on deregulation than on delivering the sensible protections we need.

Video edited by Jed Lewison for The Huffington Post.

UPDATE: ThinkProgress catches McCain being asked about the Keating Five scandal yesterday by a local Ohio reporter.

Comments

[NAOMA]

i LIVE IN ARIZONA. FOUR OF THE SENATORS NEVER HELD OFFICE AGAIN BUT McCAIN DID.
HE GOT A "POOR JUDGMENT" REPRIMAND. WHEN KEATING WAS ASKED IF HE
EXPECTED FAVORS FROM THE SENATORS HE SAID: "OF COURRSE. I AM NOT STUPID."

THIS WOULD MAKE AN EXCELLENT COMMERCIAL WITH SOME APPROPRIATE MUSIC IN THE
BACKGROUND.

SOME OF US WONDER WHAT MCCAIN HAD ON THE PEOPLE WHO GAVE HIM THE
REPRIMAND. MAKES ONE WONDER, DOESN'T IT?

[Beachrunner]

The Senate Ethics Committee lawyer who investigated McCain -- Robert Bennett -- is quoted as saying:

"First, I should tell your listeners I'm a registered Democrat, so I'm not on (McCain's) side of a lot of issues. But I investigated John McCain for a year and a half, at least, when I was special counsel to the Senate Ethics Committee in the Keating Five. ... And if there is one thing I am absolutely confident of, it is John McCain is an honest man. I recommended to the Senate Ethics Committee that he be cut out of the case, that there was no evidence against him."

End of story. Move on to something else, please. How about something really bad -- I know --

"McCain spends $5,000 on make-up!!"

[Sseb]

If only the circumstances behind the USS Forrestal were to be made public. Would that the Ameican public would be able to know how their "war hero" was directly responsible for the deaths of 134 U.S. sailors. And why won't McCain release his military and health records?

[stuinsf]

His aircraft was either the first or second one hit by the Zuni rockets misfired off another aircraft. There's plenty of other stuff to nail him on, this incident isn't his fault. Now, the people that designed the safety mechanisms, they deserve it.

[friscotxmom]

Wait... are you saying that McCain was in an aircraft that was shot down? Doesn't that automatically make him Presidential material?

[devinsbuddy]

Darn it! Give the old codger a break! That was then, this is now! Deja vu? Since he has suspended his campaign, we can only hope that he forgets to start up again.

[1differentdrummer]

A Reagan moment?

[cycle3man]

Women Stage Biggest Rally in Alaska's History AGAINST PALIN
http://www.snopes.com/politics/palin/rally.asp

John McCain Cancels Tonight"s Letterman Appearance
http://www.huffingtonpost.com/2008/09/24/john-mccain-cancels-lette_n_128998.html

Palin Stumped On McCain"s History Of Supporting Regulation
http://www.huffingtonpost.com/2008/09/24/palin-on-mccains-history_n_129078.html

Park Avenue Diplomacy By Maureen Dowd
http://www.nytimes.com/2008/09/24/opinion/24dowd.html?_r=1&oref=slogin&ref=opinion&pagewanted=print

[realtalk]

John McCain is a sneaky man, and his obvious calculated, political move today will no doubt appear in a campaign ad next week, McCain claiming that he put his country first! This was simply a sneaky move, for politcal gain by John McCain, and sadly alot of people will probably fall for this disgraceful ploy by John McCain.

Democrats please call your Independent and Democratic friends, and let them know that this is a very calculated, sneaky political move by John McCain, and they should NOT to fall for it!!
The proof that this is all a sneaky political ploy by John McCain is the many negative campaign ads McCain will put out on this NEXT WEEK.

[blurredtruth]

Well, finally. I've been waiting to see this black mark on McCain introduced here.

[Paddy999]

$500 Million bailout on the Keating 5. Were the American people outraged about that amount back then? Or was it softballed by the media as matter of fact? Similarites would be helpful. Watching PBS news tonight about Germany a Banking Institution gave Lehman Brothers $300 million and then they collapsed right after that. Now Germany is having a similar crises. Is this a payback?

Now, after the banks get their buyout, who is next? The car industry with a few bad apples?

[Ramirez]

BTW, McCain was fully cleared of all charges of wrongdoing in the Keating 5 scandal.

[Ladyrantsalot]

BTW, he was cleared only because there was no law preventing McCorrupt from accepting $112,000 in campaign contributions from Keating and then striving to prevent the regulators from trying to do their jobs and save the savings and loan industry. BTW, he was only cleared because there was no law preventing McCorrupt from accepting free trips to the Bahamas from one of the seedy, corrupt, destroyers of the savings and loan industry, Charles Keating. BTW, the the deregulation of the savings and loan industry during the early Reagan years led to the savings and loan debacle and cost the taxpayers hundreds of billions of dollars. McCorrupt=Republican=Hoover=Reagan=deregulation=financial collapse.

[arthur2008]

And he was "cleared" by his cronies in a corrupt political culture, not by any onjective standard, Quite simply, he traded political favors for cash and other valuable considerations. More simply, he took bribes.

[bibb]

No, he wasn't. It was acknowledged that he had a role and he was chastized for "bad judgment." That isn't exactly being exonerated.

Showing "bad judgment" to a banker, who was his friend, that ran his savings and loan into the ground and left its customers without their savings isn't something to be proud of.

[escobar]

HA HA
OJ walked too.
Money talks.

[gifu]

Good Boy. You are so easy to please.......thanks for 8 years of Bush, Ramirez.

[dentuso]

Which perfectly explains why he publicly apologized for his wrongdoing and poor judgment.

[wedgie]

Nice piece of YouTube torpedo work.

Well done.

**

[boston2008]

This wont matter... CNN & FOXnews will not report on this the way they're suppost to. CNN is packed with reporters that love John McCain and that being said... they'll protect him til the end. CNN is not as bad as FOXnews but it's bad enough that they wont bring stuff like this up or make it a prime time story.

[RockySoldier]

i don't know if they 'love john mccain' so much as they're full of people still really, really bitter that hillary lost. i think that's the card in play with CNN.

[Ramirez]

So who needs CNN? Stories like this are what Olbermann, NYT, Maher, etc are all about. There's a job to do, use the tools you own.

[jdfast]

The only problem with you thinking is that it is all true. Its not a torpedo job is greed. Just ask another lying bastard Duke Cunningham about greed. He was in the Air Force and was a pilot too, just like Johnny Mc. It all comes home to roost. Gee, he got admonished and Keating went to prison. There was no justice in that. The congress just protected one of their own cause it was only 500 million. They are all crooks at the pig trough.

[DMcD]

If I heard that right , they said the S&L bail-out cost "$500 Billion" --- and now , all of this.
My God , what does it take to stir the proper "outrage" ?

I also found another nasty little McCain secret at : www.cain2008.org (or .com ?) --- it seems the Navajo and Hopi don't much care for this guy either (for good reason -- check it out and pass it on , this deserves to be heard).

[nastyvirus]

WHOA! What an indictment! I guess I won't waste my time voting for HIM!

[mebble]

Of course McCain is well-known as a corrupt member of the Washington establishment. But even in 2000 he had the audacity to run for the presidency. Why? Because the American public is by and large uninformed or stupid. Which begs the question, will it be any different this time 'round?

[Rumba]

Unhappy because he got caught.

[enoughalready]

It's about time the Keating 5 scandal makes the light of day in this campaign. McCain was involved in the last banking scandal and the public should be reminded, especially the young voters that have never heard of the Keating 5!

[gopSTEALSyourTAXmoney]

William Rehnquist KEATING 5.

[nhplanner]

Finally! This should be part of a campaign ad aired in swing states.