Where's a Harvard-educated economist when you need him?
The Obama campaign has put out this website, highlighting the role McCain played in the savings and loan scandal of the 80s and 90s. It seems pretty damning to me:
John McCain was accused of improperly aiding his political patron, Charles
Keating, chairman of the Lincoln Savings and Loan Association. The bipartisan
Senate Ethics Committee launched investigations and formally reprimanded Senator
McCain for his role in the scandal
McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry
But I also realize that it's paid for by the Obama for president campaign (they're making the argument that McCain made bad economic decisions back then, and can't be trusted to make any better ones now), so it ain't exactly an objective take on things. Anyone want to provide an alternative source or interpretation of events?