Obama Touts Documentary About McCain’s S&L Past

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Sen. Barack Obama’s campaign is making sure voters are aware of Sen. John McCain’s transgressions with the savings and loan scandals from the 1980s.  Earlier today his campaign announced a campaign-sponsored site, www.keatingeconomics.com, which hosts a 13-minute documentary about McCain’s involvement with Charles Keating.

Just months into his Senate career, McCain made what he has called “the worst mistake of my life,” according to the Associated Press. He participated in two meetings with banking regulators on behalf of Keating, a friend, campaign contributor, and S&L financier who was later convicted of securities fraud.

McCain got his reputation as a “Maverick” only after he was called on the cards in the 1980s for opposing federal regulators tasked with preventing banking fraud and sheltering Keating.

Marcia A. Wade is a reporter for BlackEnterprise.com.

  • Oso

    Son of Democratic Politician Indicted for Hacking Palin’s Email

    October 08, 2008 10:44 AM

    David C. Kernell, 20, was indicted by a federal grand jury in Knoxville, Tenn., for “intentionally accessing without authorization the e-mail account of Alaska governor Sarah Palin,” the Justice Department says.

    Kernell’s father is Tennessee State Rep. Mike Kernell.

    Acting Assistant Attorney General Matthew Friedrich of the Criminal Division and U.S. Attorney James R. Dedrick for the Eastern District of Tennessee announced today that Kernell turned himself into federal authorities for arrest and will be arraigned today before U.S. Magistrate Judge C. Clifford Shirley.

    The indictment states that on approximately Sept. 16, 2008, Kernell “obtained unauthorized access” to Palin’s personal e-mail account by allegedly resetting the account password.

    Kernell then allegedly read her emails and made screenshots of the e-mail directory, e-mail content and other personal information and, per the indictment, posted screenshots of the e-mails and other personal information to a public Web site.

    Kernell, if convicted, faces five years in prison, a $250,000 fine and a three year term of supervised release.

    – jpt

    October 8, 2008 | Permalink | User Comments (121)

    User Comments

    Typical Voter says we should vote for Obama because he is black. That is raw and unvarnished racism.

    Why not vote for him because of the fine job his grand parents did raising him. One would think given that, he would have a fondness for America and Americans.

    Or maybe vote for him because he has better ties to Muslim groups than any other candidate. And can reason and speak effectively.

    Posted by: Barney’s Free Loans | Oct 8, 2008 1:14:03 PM

    Obama did not even work for ACORN as a community organizer.

    All he did was represent them in a lawsuit against the state to make them comply with some federal voting stuff.

    We should make the distiniction between something done by the campaign and an independent individual. This Democratic Senator is busy- do you think he has time to watch what his son is doing on the computer?

    In the first place, it was bad practice on Palin’s part to be using a free e-mail service for government business instead of a secured network like what public servants are obliged to do. Not to mention the hacker did not even have to use dictionary bruteforce to get the password- he requested for it by finding her SS number which was lying around the Internet for some reason, and the password question was where she met her husband- Wasilla High, with no code whatsover.

    The hacker should not have done that, but it was really also a lack of prudency on Palin’s part.

    Posted by: Grey Matter | Oct 8, 2008 1:09:06 PM


    It is the white racist that have made this campaign about race. We should be lucky that financially there is a black person who is good enough to be president. That says a whole lot about how far the blacks have come in America. they can do more than drive a bus or clean a white woman’s toilet. that is why we should vote for Obama. We owe to blacks to do this.

    Posted by: Typical Voter | Oct 8, 2008 1:08:22 PM

    This kid will get the book thrown at him and he will indeed be a victim. He is in fact the victim of the democratic idea that any of their actions are justified. This is essentially the Bill Ayers idea that he has the God given right to blow things and people up, because he as a rich brat does not like something about America or Americans.

    This same thinking is what propels the people at ACORN to do massive voter fraud. After all they know better than all other Americans who shoul dbe running the country.

    This corruption and moral decay and Obama’s association with it should be central issues of the campaign. And, yes, I am a democrat.

    Posted by: Barney’s Free Loans | Oct 8, 2008 1:05:52 PM


    Let’s all hold hands and say a prayer for more $$$ to end poverty.

    I say take that $$$ and give it to the Americans who are mad as hell about the possibility that they may be going into poverty.

    What a joke.

    Posted by: ha ha | Oct 8, 2008 1:04:28 PM

    It is racism to bring up anything that is not jermaine to the issues. This article is more bunk.We are lucky that a man of Obama;s character would lower himself to get into this stupid thing and serve us.

    Posted by: Typical Voter | Oct 8, 2008 1:03:53 PM

    I wish the candidate would discuss global poverty more. According to The Borgen Project:
    $30 billion: Annual shortfall to end world hunger.
    $540 billion: Annual U.S. Defense Budget

    Posted by: Diana | Oct 8, 2008 12:59:50 PM


    The economic policy of Bush has nothing to do with our current financial situation. He gave 17 warnings in 2008 alone regarding the need to take economic action.

    Instead we had complete inaction from the Democratic led Congress. The Democrats control Congress, remember?

    Posted by: omg is ignorant | Oct 8, 2008 12:59:46 PM

    omg Thats right!

    Posted by: James | Oct 8, 2008 12:56:16 PM





    Posted by: omg | Oct 8, 2008 12:52:54 PM

    “According to the latest figures from Ken Goldstein and the Wisconsin Advertising Project, the presidential campaigns are spending nearly $29 million a week to persuade YOU on television that the other guy is bad. All of McCain’s advertising is of the contrast or negative variety; about a third of Obama’s is. In total, the Obama campaign is spending roughly six million more dollars per week than the McCain campaign and the Republican National Committee, which share the cost of advertisements. Below, notice that Obama and McCain/RNC are spending roughly the same amount of money in Colorado, Iowa, Michigan (this is McCain’s last week there) and New Mexico. Obama’s outspending McCain by $1.5 million in Florida, by $500,000 in Indiana, by a million in North Carolina and by nearly $500,000 in Ohio and Pennsylvania. McCain’s spending more in Minnesota.”

    You’ll have to pardon us Mack if we do not rely on your observations.

    Posted by: Ryan C | Oct 8, 2008 12:52:19 PM