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McCain Lawyer: McCain Did Nothing Wrong Amid Keating Five Scandal

For years, John McCain made elaborate displays of public contrition about his involvement in the Keating Five scandal, admitting that he made errors in judgment when he lobbied regulators on behalf of a corrupt banker who eventually went to prison. But now his campaign is suddenly saying that McCain did nothing wrong.

On a conference call with reporters this afternoon, held in response to the Obama campaign's ramped-up attacks on McCain's involvement in the scandal, the campaign brought out attorney John Dowd, who served as McCain's counsel at the time. Dowd declared that he vehemently disagreed with the judgment of the Senate Ethics Committee that McCain had made some serious mistakes. "That's not something that as his counsel I accepted," Dowd said.

Dowd singled out the late Sen. Howell Heflin (D-AL), who vocally criticized McCain at the time, for particular scorn. "But you know, Sen. Mitchell was the majority leader, and Howell Heflin was his stooge," said Dowd. "And he was doing what he was told because the rest were Democrats in the hearing. So it's sort of a classic political smear-job on John."

The odd thing is that McCain himself has written that the Keating Five period was a dark time in his life, and that he himself believed he'd made serious errors in judgment. So is it the McCain campaign's position that this contrition is no longer operative?

Here's the audio of the call:


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and McCain called his wife a cunt in public,
wait till the general public gets ahold of that

Yea, 'cept who's gonna run that story? The MSM won't touch far less "sensitive" stuff than this about McIAmBeowulf.

The fact that this has not been more widely reported is baffling. I guess it simply shows how the media really does adore Mc. Image the attention it would be be receiving if it was something Obama had said!

In related news, McCain's mother thinks McCain is great.

McCain is the worst candidate ever. He's now made this a much bigger issue than it would have been if he had said nothing, or repeated his apology and said that that is all in the past.

Exactly. What, doesn't he believe that people will refer to what he has written about it himself.

Yeah, this was stupid. Last thing these idiots needed to do was get litigious about it. Bringing in your lawyer makes you look guilty. Now everyone is going to start writing their own Keating Five story.

http://pufferfish.typepad.com/

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Were you asking last night where Richardson has been?

He's been in Taos this morning, surrounded by Obama posters and reminding everyone to register to vote - tomorrow is the last day here.

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Friday afternoon he was in south Milwaukee, where there's a large hispanic community.

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that was the first time I've seen him since he was in Espanola with Obama - so I didn't know where he was.

Until this morning. Sounds like he's been campaigning hard - good!

GOOD!

Good to hear.

Thanks for the update.

Richardson will be in Reno on Friday too, possibly just for a fundraiser, but possibly for more.

Just as an FYI, the efforts in Reno (Washoe County) this weekend were incredible.

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One thing I've noticed from the Research 2000 polls that the Hispanics who have recently moved away from mcShame seem to have landed in confusion, and are undecided.

So I'm hopeful that Richardson can fire up the Hispanic community to reach out to these undecideds and bring them into the Obama fold.

And who'd thunk we would see anything worse than Bush. I'm terrified about the fact we do.

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bush tortured foreigners. mcShame tortures America.

He really is. This campaign is such a total disaster. I really hate to think what he'd do to the country.

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I agree; I can't believe they not only took the bait, they swallowed it hook, line, and sinker!

I continue to suspect that the McCain campaign is run by Obama moles. It's hard to believe it could be this bad by accident.

How's that saying go? If you're explaining yourself you've already lost the argument.

On a side note...

Anyone seen this Palin vetting document found HERE.

It's pretty long but it's useful to find her non stop contradicting herself she's constantly doing. I don't know where this document came from but it's pretty extensive.

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I think I'll skip listening to the call.  I have a low tolerance for whining.

But, as another commenter mentioned, it's nice to see McSame having to play defense.

BigO doesn't have to do that re Bill Ayers.  He'd already done that in the primaries, and now he's got the NY Times watching his back.

Well, I guess this is one way of changing the subject from the economy.

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yup, but not in any way a good way.

It's a shame for McCain that the election doesn't have an emergency suspend mechanism like the stock market does in a big fall. McCain really could use a time out right about now.

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Hilarious!

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So could we!!!!

Except that this IS about the economy, and how certain industries are or are not regulated to protect the public interest. Which makes it not only about the economy but highly relevant.

McCain has described his involvement in this scandal as "the worst mistake of my life".

Pretty impressive, that the worst mistake of your life is in no way wrong.

Like most criminals, he probably meant "the mistake of getting caught."

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McCain's campaign is absolutely stunning in its ineptitutde.

Books will be written with McCain's campaign as the template for losing an election.

I think Rudy beats him out for that honor. As much as I think the McCrazy train has gone off the tracks, Guliani wins the worst campaign certificate. And it's good for life, because nobody is ever going to muck things up like that again. Plowing through mountains of money for minimal or non-existent returns should now and forever be referred to as "pulling a Rudy."

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Wait - didn't Dowd just contradict himself? What happened to "We lost the John McCain we knew"?

You can't change gears just like that without wrecking the transmission -

Terrible defense because as has been mentioned, McCain admitted he made a mistake and showed terrible judgment. So how can you now say
"McCain didn't do anything wrong"?

Also the video isn't about retrying the Keating case, but linking McCain's admitted poor judgment in fighting regulation then with him still fighting it now. You'd think somebody who was caught up in Keating and admitted his mistake would have figured regulation was a good thing.

The Obama camp needs to make sure that the connection to the present is the story, and not simply the retelling of the original story.

I agree that the connection to the current story is the better of the two scenarios, but if they want to rehash whether or not McCain did anything wrong for the next week, I'm fine with that. Hell, maybe we'll all conclude that he really didn't do anything wrong with 3 more weeks until the election and Obama up by 8 to 10 points.

I kept thinking this campaign was doing something shrewd that I didn't yet understand. Nope, pure incompetence.

The video is up over 30,000 views now - make sure all of you click on it to be counted as a view even if you don't watch the whole thing.

Wow. Wow. He just blew up his entire "maverick" narrative, whose foundation myth was the supposed transformation resulting from his contrition over Keating. What in the world are these people thinking? Or smoking?

I don't understand why they didn't just say something like, "John McCain learned important lessons from that experience and has been an agent of change ever since." Certainly wouldn't put the issue to bed or hand him the election, by any stretch. But it seems like it would at least be more effective than this . . .

They've truly become the third term of Bush Cheney: lie, lie, lie, even when the truth would help you, lie lie lie.

She doesn't want her allowance taken away and wind up in a state-run nursing home.

The mind reels! If there was ever a line of attack on McCain that requires a nuanced response from his campaign, this (Keating 5) is the one. And how do they respond? With naked agression, completely abandoning McCain's previous stance on the issue. I believe old Johnny is now smoldering with anger 24/7, and it will be evident publicly more and more. Maybe that will rev up the base, but it ain't gonna fly with too many others.

Possible head-explosion during tomorrow's debate?

Not only is it a terrible defense, it's going to totally blow their effort to focus on Ayers out of the water.

I think Capt Edward Smith was stoking his base when he phoned the engine room with the command, "All engines full ahead!"

They are all off message. Or just off...

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...the rails?

"...Howell Heflin was his stooge," said Dowd.

True to form, the McCain warps the tasteless meter even further down the scale by disparaging the dead.

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Smear anybody to protect yourself.

mcSmearAnybody.

beat me to it, I was gonna say that's a great defense since the guy is a little too you know 'dead!' to defend himself!

too bad McCain's own words contradict this latest BS.

Dowd has certainly had a newsworthy career. He was Monica Goodling's lawyer when she appeared before Congress to discuss the U.S. attorney firings, and he also was hired by former major league baseball commissioner A. Bartlett Giamatti to investigate allegations that Pete Rose bet on baseball games, producing the Dowd Report of his findings.

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It's so classic for liars to believe that they can cover for their lies "with words."

I'm getting physically ill here, as the market melts down and the sleaze heats up. We are on a trip to hell here.

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I like how they pick on a dead guy as well.

But hey, I guess it's ok to say "screw you" to the voters of Alabama, right?

If Keating was not McCain's constituent, McCain would have been found just as guilty as the others. Setting aside whether or not he was found guilty of violations in this instance, it is 100% plain to see that he took overt action to push deregulation. Dowd can say whatever he wants, but his comments are irrelevant to the fact that McCain pushed for dangerous deregulation that has led to our current financial crisis.

John "whatever-it-takes" McCain.

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I seem to remember another guy who said he would do "whatever it takes" to win the election - that was George the First, battling Clinton.

Doing "whatever it takes" is a frank admission that morality and fair play have no place in your campaign. Like instructions to a mob enforcer to "take care" of a problem.

The Dems railroaded McCain?

Alan Cranston (D-CA)
Dennis DeConcini (D-AZ)
John Glenn (D-OH)
John McCain (R-AZ)
Donald W. Riegle (D-MI)

Are you freaking kidding me?

McCain got off with the lightest, and his more serious charges (the reimbursements) weren't chased because he was no longer in the House as he was a Rep when they occurred.

Do they thing anyone is going to buy this bullshit?


John

The message is McCain was in the middle of Keating and should have seen that deregulation is the wrong way to go. But instead, despite seeing how deregulation ravaged a lot of folks in the Keating instance, he became a vehement deregulator all his public life - even up to moments before the current economic crisis started to explode.

Hell he's on record saying he wants to deregulate health care like the banks have been deregulated.

And then you have Gramm, neck deep in Enron to boot. And Gramm is McCain's lead financial adviser.

And still McCain's campaign has over 100 lobbyists working for it in a paid capacity.

You can't make this stuff up.

Looks like this recant might have a problem getting people to Tire Swing for it. Ben Smith at Politico:

http://www.politico.com/blogs/bensmith/1008/Engaging_on_Keating.html?showall

John

Contending that he did nothing wrong makes this a story again, because he has admitted to his mistakes in the past. So now reporters and columnists who were not around for the original story will be out investigation again to see if McCain really did do nothing wrong, and if he did nothing wrong then why did he admit to making a terrible mistake and bad judgment at the time?

His "Maverick" image originated because he admitted the mistake - so if he's now saying he did nothing wrong, then does that mean he only said as much back then to try and save his political career?

This defense being put up by his campaign is malpractice.

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You are so right. He's saying... there's no muck there. And that sends reporters straight to the Muck!

Jonze has a great point. His practically daring reporters to take another look at it with the "I did nothing wrong" and "it was a witch hunt" position.

Remember that the McCain campaign took this position on Rick Davis. The NYTimes bent the campaign over on that one, to the point that Davis has been put on the sidelines with Carley and Uncle Phil.

The McCain Campaign hasn't done well recently when daring the media to look under the hood of their lies.

John

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Excellent point! And in light of recent economic "cratering" the press may find the Keating scandal even more, well, scandalous.

Bye bye Johnny!

PEACE

A lot of retired people (possibly thousands) lost everything they had invested for retirement when the Keating-run S&L's went belly up. People's lives were ruined. This personal carnage needs to be mentioned more in the dialogue.

With today's mini-financial meltdown, it's deja vu all over again.

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My elderly parents (86 and 91) are really on the losing end of the stick here. It's gonna get really bad for many of the oldest seniors. Really bad. They went through the depression as kids. Now this...

Just on a globally massive scale this time. At the very least, this financial collapse is equal to McCain's ego

Cindy McCain blamed her stealing of narcotics from her own Charity on the Keating 5 scandal. How many junkies can steal from a charity to support their habit and not do time? "No,you don't understand officer, my spouse is being investigated for felony obstruction and racketeering, I need to get high!"

Surprise, surprise, McCain and everyone around him are full of s***.

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"Dowd declared that he vehemently disagreed with the judgment of the Senate Ethics Committee that McCain had made some serious mistakes. "That's not something that as his counsel I accepted," Dowd said."

So, can other attorneys use this argument on behalf of their clients? If the accused and the attorney disagree with the judgement, it doesn't count?

Wow. Talk about the stink of desperation!

PEACE

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I suspect mcShame would "take exception" to your last sentence.

How disgusting can this candidate and his campaign get?

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He was sorry before he wasn't sorry.

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I love a pithy slogan! Good one!

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McSame lost the election when he pretended to rush back to D.C. to save the day and threatened to blow off the 1st debate unless the financial crisis was resolved. Not only did he look like he was trying to politically exploit the financial crisis, he also looked like he was afraid to debate Obama, which pissed the people off who were undecided and were genuinely anxious to see him debate Obama to make their decision who they'd vote for. Then when his histrionics to save the day failed and despite his claim he wasn't going to go to the debate unless the crisis was resolved, he showed up for the debate anyway. And when the undecided voters, looking through the filter of his failed attempt to gain political capitol from the financial crisis saw a mean-spirited curmudgeon too emotionally immature or disrespectful or arrogant to even look at Obama let alone look him in the eye, they realized that placing their fates in John McCain's hands was not something that made them feel warm and fuzzy.

Dowd singled out the late Sen. Howell Heflin (D-AL), who vocally criticized McCain at the time, for particular scorn. "But you know, Sen. Mitchell was the majority leader, and Howell Heflin was his stooge," said Dowd. "And he was doing what he was told because the rest were Democrats in the hearing. So it's sort of a classic political smear-job on John."

I suppose Mitchell, Heflin and the rest are no longer available to be interviewed or take exception to being publicly slandered for their actions. It's also a low-blow to the Congress. A sitting Senator slandering the committee that investigated his involvement in a scandal. I do so hope McCain's colleagues take note. I would think it to be an ethics violation, but what do I know. I'm just a voter.

Heflin is dead, so someone else will need to defend him.

Mitchell never was much of a "fighter", and has become even more wishy washy since he left office. It's not quite the same where, if this was said about House Leadership from 1995-99, that Newtie would be instantly on FOX News going batshit about how it was a lie. Mitchell will respond, but probably not as strongly as we like.

The sad thing is that Mitchell does have Village Credibility, likely because he's such a milktoast. If he were to come out strongly, the Village would actually believe him in this rather than a McCain Campaign that is lying all over the place right now. That's one big negative of our party - out Respected Leaders don't seem to know how to properly cash in on some of the respect they have in the Village, especially in an effective fashion.

John

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The dead tell no tales.

Stuff like this makes me increasingly worried about McCain's ability to govern. Part of it may be that he's 72. Too bad for the Silent generation...McCain was probably that generation's last chance for a US President.

Obama similarily is the first nominee of his generation--Generation Jones, born 1954-1965, between the Boomers and Xers. Here's a new 5 minute video well worth watching about Generation Jones, with numerous top pundits (e.g. Clarence Page, David Brooks, Juan Williams, Howard Wolfson, etc.) discussing Generation Jones' key role in the '08 election:
http://www.youtube.com/watch?v=1Ta_Du5K0jk

All the McCain Camp had to say was "Sen. McCain acknowledged his mistake and lapse in judgment 20 years ago and has served this country honorably before and after that incident and has been elected since then x number of times. This is nothing except a desperate attempt by the Obama Campaign to distract from his own lapses in judgment that he is running from and will not admit to - palling up with domestic terrorist William Ayers"

Gee Jonze, if McCain can be forgiven for his actions in the Keating 5 scandal that cost US taxpayers $2 billion dollars to bail out, then why can't Ayers be forgiven too?

Ayers participated in planting a bomb at a statue.
No one was killed or even hurt, unless you want to count the statue. Just a lot of broken glass. And the same with the one in the Pentagon. A 2 pound explosive that caused a some physical damage, but no one was injured. I think the bigger question here is how did he get into the Pentagon to palant the bomb.

So the amount of damage caused by Ayers during his radical youth were far less than the damage caused by McCain in his prime adult years. So why not pardon him too?

If McMajorShit has a coronary during tomorrow night's debate, it's Obama vs. Palin and four weeks out. Would the Repub heirarchy even allow for her to replace McCain? Rudy could step up, volunteer to be the sacrificial lamb (har, har).

No way Jose! She didn't run in the primaries. All the primary losers will be chomping at the bit to claim their right to lead the party. They campaigned and received delegates...Palin hasn't a single one. But with the McCain campaign stuck in the cesspool way above the axles, they may just sit back and watch too. It will be fun to watch the repug party having to figure out what to do if McCain chokes on them at the last minute.

So Dowd denies wrongdoing on McCain's part, just poor judgment. But isn't that what Obama is talking about? Obama is not accusing McCain of any wrongdoing, just poor judgment. And lo and behold, McCain agrees.

Truly it can be said that McCain has again shown himself to be 'fullern shit than a christmas turkey' as the locals put it.

One of the San Francisco bank regulators felt that McCain had gotten off too lightly, saying that Keating's business involvement with Cindy McCain was an obvious conflict of interest.

This is off Wipipedia. I suspect McCain henchmen have yet to figure out they can go in and make changes to what's written there.

It seems McCain was spared to rod used on the other three; they got hosed. Glenn received the same punishment as McCain. Seems McCain was pull in political favors to save his ass and some people were aware of it. I'd sure like to hear from that SF bank regulator. Bet he has some interesting tidbits to share with us.

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Has John Dowd ever had a client who wasn't guilty, guilty, guilty? (See also: disgraced Arizona ex-Gov. Fife Symington.) And the famous Dowd Report on Rose managed to make its morally leprous subject look upstanding by comparison. What a mouthpiece.

M entally unfit to serve
c erebral cortex hemorrhaging
C allous
a ngry
i nfantile
n ot very nice

P athetically underqualified
a ntagonizes conservatives (We like that!)
l ost
i n over her head
n ew interview with Katie C should clear up everything

From the front page link to WaPo:


http://voices.washingtonpost.com/the-trail/2008/10/06/keating_inquiry_appears_differ.html

Note the WaPo update - it was Dowd asking the question.

In little over an hour, Dowd's credibility was shot. To people who have followed his career for decades like I have, he has no credibility. But that this was dug up that quickly, and made it to the MSM that fast... damn!

Got to go viral on that puppy. As others are pointing out, by offering up this revisionist defense so at odds with McCain's own portatial of his Keating 5 history (which frankly always undersold it anyway), the McCain Campaign is practically begging for the MSM to rip them apart. This really is the Rick Davis story all over again. The Key difference - McCain wasn't at the center of the Davis story. In this revist to the Keating 5, McCain *is* in the middle. And opening up their defense of it with revision and flat out lies... just a staggering mistake.

Since it's Dowd and McCain, it couldn't happer to a better pair of jackasses.

John

BTW - you guys should make the point clearer with that Google comment. It's Dowd himself asking McCain that question. You want that concept in the mind of any MSM'ers who drop by *before* they click on the link. :)

John

Calling a dead senator a stooge = classy.

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McCain on the defensive. I like it.

The campaign is over. This is debris.

If McCain thinks everyone who has crossed him is a stooge, he must think half the goopers in the senate are stooges.
He's an angry old man who has some serious issues. After he loses this election, whatever reputation he ever had is shot. I wouldn't be surprised to see him retire when his term is up. Unless, of course, he wants to stick around as a thorn in the side of President Obama.
The next two years until his term is up are going to be miserable for him. I will feel no sorrow.

He hardly ever showed up the last 2 years, I don't see why the next 2 would be any different.

Jesus.

In a matter of days, they telegraph their intention to go uber-negative, giving the other side time to preempt and prepare. They decide to try to change the story from the economic meltdown by attacking Obama for what they call questionable past associations when McCain has the Keating 5 in his past. They send out Sarah Palin to attack Obama for supposedly not leaving sermons he never attended thereby opening her own history of listening to sermons by witchhunters, anti-semites and extra looney end-time theology. Then they doubledown by sending out Sarah to question Obama's patriotism when she's married to a secessionist traitor.

The best run Democratic campaign since Johnson in 1964 vs. the worst run Republican campaign since Bush I in 1992.

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So basically, he is sorry or something he never did. Or, for something that he did but wasn't really wrong. Or, something…

His running mate is no better. With regard to the Palin's recently released tax forms, there are very large, questionable deductible expenses claimed and huge amounts of income not reported. And, predictably, a tax attorney offers the opinion that—essentially—there is nothing to see here. It's not a problem.

The link from the TPM story is here:

http://talkingpointsmemo.com/archives/222227.php

A discussion of this emerging issue is available here, as pointed to by TPM's David Kurtz:

http://taxprof.typepad.com/taxprof_blog/2008/10/tax-profs-agree.html

In response to the fact reported, I asserted the following…

"The test are pretty clear, and it's abundantly clear that the Palins jointly and H&R Block are pushing the boundaries here.

To the extent that payment in advance, or reimbursement of, reasonable travel expenses for the Governor herself exceed deductible expenses associated with official travel, that amount is taxable. If they reported NO expenses, then it is all taxable.

The allowance paid for her family members, including her husband and children, are decidedly NOT deductible, and are quite likely paid in violation of Alaska law.

The losses associated with 'snow machine racing activity' are deductible only if this activity represents reasonable business expenses, and only to the extent that it is not declared the hobby that it quite likely is. Expenses must have a business—not recreational or pleasurable—basis, must be reasonable and must be supported by adequate documentation.

Short synopsis: they are previously undiscovered 'tax cheats.' Cloak it nicer language if you will, but that's what they are, based upon the facts reported.

It is important to understand that they have an obligation to truthfully report income, including that not reported by others to the IRS. The failure of their employers to report such income does not absolve them of a tax liability, though it may mitigate the penalty if they find a sympathetic examiner or auditor."

And more. Did I mention tax cheats?

I'm hoping this gets some play in the MSM. So far, I haven't really seen any.

Right. And this guy is an attorney, right? Well, we all know they NEVER lie. Now....where's that bridge to nowhere?

Good grief people, we've gone from a Monty Python skit to "Through The Looking Glass."

Down is up and black is white and reality is whatever McCain says it is.

Just say anything and let the idiots (that must be what he thinks the people are) sort it all out.

This is truly astounding!

ben smith today at politco:

The case for Keating being less relevant is that McCain hardly hides the affair. He called it, in his 2002 autobiography, "the worst mistake of my life." He remade himself as a reformer in reaction to the scandal. McCain's case isn't that you should ignore his sin, or that it isn't a sin; it's that he's expiated it.

oops.

McCain and Glenn both should have gone to jail with the other three, but then I guess nobody could bring themselves to convict a former POW and an astronaut. The sentimental public must be protected from having their 'heroes' outed as thieves.

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by the way, Keating still denies any wrongdoing also.

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the 13 minute video about mccain and keating, in case you missed it:

http://my.barackobama.com/page/m2/55c13561/5018157d/6ca88670/1188b9ac/3974543652/VEsH/

cheers,

dt

Refer to the new cover story in Rolling Stone Magazine. It's discussed in the article:

http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain

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