Obama Touts Documentary About McCain's S&L Past

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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.


Marcia is a multimedia content producer focusing on technology at Black Enterprise Magazine. In this capacity she writes and assigns stories to educate readers about social media; digital integration; gadgets, apps, and software for business and professional development; minority tech startups; and careers in STEM (Science, Technology, Engineering, and Mathematics). In 2012, she received two Salute to Excellence Awards from the National Association of Black Journalists and was recognized by Blacks in Technology (BiT) as one of the Top 10 Black achievers in the tech arena for 2011 at SXSW in Austin, Texas. She has spoken about technology on panels for New York Social Media Week, at The 2012 Rainbow/PUSH Wall Street Summit, as well as at Black Enterprise'ss Entrepreneurs Conference and Women of Power Summit. In 2011, SocialWayne.com chose her as one of 28 People of Color Impacting the Social Web, and through crowdsourcing she was listed as one of BlackWeb2.0's/HP's 50 Most Notable African American Tastemakers in Social Media and Technology for 2010. Since taking on the role of Tech editor in September 2010, she has conceived and produced five cover stories on Technology and/or STEM and countless articles, videos, and slideshows online.

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