McCain received campaign funds from Keating, his wife’s company had been involved in investment ventures with him, and he once met with federal regulators about Keating’s bank — though the Senate Ethics Committee found that unlike three other senators involved in the scandal, “Senator McCain’s actions were not improper.” The committee said only that he had exercised bad judgment by being involved with Keating at all and not seeing what others were doing. In fact, Bob Bennett, who was the Democratic lawyer selected by the committee to investigate the Keating Five, says in his book that he recommended that McCain’s name be dropped from the investigation because there was no evidence against him but, for political reasons (the other Senators were all Democrats), McCain’s name was left on the list.

You can’t make a comparison to the Obama’s Ayers explanations.  Unlike Obama, McCain has been open and honest about the debacle.

McCain has spoken and written about every detail of the Keating mess, has expressed open contrition for allowing himself to be drawn into it even tangentially, and devoted years of his career to combating corruption as a result. He even badly overreacted and pushed for vastly excessive regulation of campaign financing.

Had Obama done and said something similar regarding the sort of radicalism Ayers represents, he would now have an answer to offer. Instead, he has worked with Ayers, supported his causes, and denied any significance to the links between them. That, too, makes this a legitimate question about a man who would be president.  Dorhn should NOT be dismissed either.
Ayer’s wife Dohrn:

1. She went to jail rather than testify against COP-KILLERS…

2. …in the 1980s. Not “way back in the 60s.” The 1980s.

3. It was in her living room, too, that Obama launched his political career.

4. She celebrated Manson murders as well.

Some host for a coming out party.

O Camp needs to sit back an take a look at how they are playing the Keating 5.  They sure made a special effort to document?? this.  Well it is debatable whether this is a documentary as documentaries generally state facts and do not try to sway.  John Glenn was implicated in the Keating 5.  What is he up to today?

John Glenn?  Senator John Glenn got caught in the same Keating 5 scandal that Obama now wants to use as an attack on McCain.  The Keating 5 — Senators Alan Cranston, Dennis DeConcini, Donald Riegle, Glenn, and McCain — stood accused of intervening with federal regulators on behalf of Lincoln Savings & Loan, which later went bankrupt and cost taxpayers $2 billion. Glenn and McCain got cleared by the Senate of any wrongdoing, but were scolded for “poor judgment” in their contacts with Charles Keating.  Cranston, DeConcini, and Riegle all were found by the Senate Ethics Committee of having “substantially and improperly” interfered with the regulator (FHLBB) when it attempted to investigate Lincoln.  Cranston received a formal reprimand, and only Glenn and McCain won re-election after the scandal.

Is the Keating 5 scandal a legitimate political issue in this campaign?  Yes.

It involves McCain’s judgment and political record, and Obama can certainly raise it as a point for voters to consider.  However, McCain has NEVER denied using poor judgment in this case and has repeatedly apologized for it.  He used that experience to commit himself to reforming the political system, angering fellow Republicans in fighting earmarks and pushing for campaign-finance reform.  He has put his political career at risk with his partnerships with Russ Feingold and other Democrats in this mission, all of which springs from his close brush with dishonor over the Keating 5 scandal.

Obama, on the other hand, has never fought anyone for reform, and the use of John Glenn as a surrogate makes Team Obama especially hypocritical in raising the Keating scandal.  If Glenn is clean, then so is McCain.  If McCain is tarnished, then so is Glenn.  Obviously, Glenn helps Obama in Ohio, so Obama has no real complaint over the Keating 5 scandal that outweighs his desire to win the election.  Like so much of Obama’s reform rhetoric, his faux outrage over the Keating 5 scandal shows him as nothing more than a poseur.

Obama Camp Tries To Confuse People About Keating Five Video.

This video is no documentary though, in that it offers no explanation from McCain, or anyone representing an alternative point of view. Okay, the producers are not under any obligation to do so, but that makes it propaganda and not informational. This is especially true, when they try to connect the Keating 5, to the present day meltdown.

The video insists that the Keating 5 case proved that lack of regulations leads to collapse, and people like McCain never learned their lesson. That point is debatable, but today’s collapse was not because of a lack of regulations. Quite the opposite, the cause of present day failures is precisely because of an abundance of socialist regulations and agendas, which multiple government agencies inflicted on the mortgage/credit markets. The two cases are not even comparable, except in that they both are related to banking.