If you flip the sign of the term containing the field strength tensor (e.g. change $-\frac{1}{4}F^{\alpha \beta}F_{\alpha \beta}$ to its negative) in the Lagrangian for electromagnetism, you get a theory where like charges attract and opposite charges repel instead of the other way around. Imagining a universe where only special relativity applied (and not general relativity), this attractive force would look like Newtonian gravity at low relative velocities if the charge of normal matter was roughly proportional to inertial mass (e.g. protons and neutrons have unit charge and electrons have no charge).
However, the energy of the "gravitational" field in this theory would be negative. Does this cause problems if one were to try to make this into a quantum field theory? (The theory would be unstable, since there would be no ground state?) If the strength of the "gravitational" force were low enough, would the theory at least be effectively metastable?