DDay at Hullabaloo: Dishonorable Revisionism

So I watched the Obama campaign's Keating documentary, and it's a fairly good recitation of the scandal, and the connection to the financial crisis of the present.

[...]

What's more, the research section of the "Keating Economics" site includes a wealth of information and documents, including personal letters from McCain to White House colleagues and federal regulators asking for them to back off Charles Keating. This letter to then-WH Chief of Staff James Baker in 1985 is particularly striking, if only for the line "I believe it to be unwise, and I think it flys (sic) in the face of our recent efforts to remove the hand of government from the affairs of private enterprise." That sentence alone explains much of the current crisis.