From the AP, courtesy of Indystar.com:

ALBUQUERQUE, N.M. (AP) -- Republican John McCain is calling Democratic rival Barack Obama a liar. The GOP presidential candidate told a campaign rally: "Sen. Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed."

In a conference call with reporters, attorney John Dowd was asked about a specific part of the Keating Five inquiry, the fact that Cindy McCain and her father had invested in a Keating strip mall."It was part of the inquiry, but it did not -- John was unconnected to that and unaware of it at the time, and did not participate in it," Dowd said. But thanks to the quick research skills of Democratic partisans, here's John McCain's answer to an attorney who asked him about that very investment during the ethics committee hearings in 1991.

"Sometime in 1986, I was told by Mr. Delgado, who was Executive Vice President of my father-in-law's company, that they were going to invest in a shopping center and that the investment -- the project -- was being put together by a subsidiary of American Continental," McCain said. "He later told me that they -- that that had happened. And I had no interest in it and just noted in passing that this investment took place." The attorney asking the question during the hearing? John Dowd.