The Telegraph says yes and I have read all this in several places.
http://www.telegraph.co.uk/news/newstopics/uselection2008/johnmccain/3147376/US-presidential-election-John-McCain-scales-back-White-House-campaign.html
It's interesting that McCain was one of the Keating 5 and he himself described it as "the worst mistake of my life".
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