McCain's Keating five (campaign, Democrats, Republican, accuse)
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McCain has shown he can work across the isle, on many occasions.
This may not be one he is very proud of.
I would say this makes the Obama Rezco issue a draw.
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).
In 1989, the Lincoln Savings and Loan Association of Irvine, Calif., collapsed. Lincoln's chairman, Charles Keating, was faulted for the thrift's failure. Keating, however, told the House Banking Committee that the FHLBB and its former chief Edwin J. Gray were pursuing a vendetta against him.
Gray testified that several U.S. senators had approached him and requested that he ease off on the Lincoln investigation. It came out that these senators had been beneficiaries of $300,000 (collective total) in campaign contributions from Keating. McCain received $112,000 by 1987 from Keating and Keating's relatives and employees to McCain's Senate campaign, more than any of the other Senators. [1] In September 1987 National Thrift News was the first media outlet to break the story.[2] In October 1989 The Arizona Republic reported that in addition to campaign contributions, McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental Corporation (parent of Lincoln) jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain also did not pay Keating for some of the trips until years after they were taken, after he learned that Keating was in trouble over Lincoln. [3] Lincoln Savings and Loan's collapse is said to have cost taxpayers $3.4 billion [4].
McCain has shown he can work across the isle, on many occasions.
This may not be one he is very proud of.
I would say this makes the Obama Rezco issue a draw.
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).
In 1989, the Lincoln Savings and Loan Association of Irvine, Calif., collapsed. Lincoln's chairman, Charles Keating, was faulted for the thrift's failure. Keating, however, told the House Banking Committee that the FHLBB and its former chief Edwin J. Gray were pursuing a vendetta against him.
Gray testified that several U.S. senators had approached him and requested that he ease off on the Lincoln investigation. It came out that these senators had been beneficiaries of $300,000 (collective total) in campaign contributions from Keating. McCain received $112,000 by 1987 from Keating and Keating's relatives and employees to McCain's Senate campaign, more than any of the other Senators. [1] In September 1987 National Thrift News was the first media outlet to break the story.[2] In October 1989 The Arizona Republic reported that in addition to campaign contributions, McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental Corporation (parent of Lincoln) jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain also did not pay Keating for some of the trips until years after they were taken, after he learned that Keating was in trouble over Lincoln. [3] Lincoln Savings and Loan's collapse is said to have cost taxpayers $3.4 billion [4].
You'll notice that there was only one Republican in that list. There's a reason for that. The Democrats wanted to make the scandal bipartisan so they included John McCain. The lead investigator for the Democrats, Robert Bennett (Bill Bennett's brother and a powerhouse Democrat lawyer) advised the committee to drop McCain from the investigation because there was no evidence to implicate him. The Dems refused because then the scandal would have revealed the "culture of corruption" to be entirely a feature of the Democrat party. Bennett recently reaffirmed those events. McCain has nothing to fear from the so-called Keating Five scandal.
You'll notice that there was only one Republican in that list. There's a reason for that. The Democrats wanted to make the scandal bipartisan so they included John McCain. The lead investigator for the Democrats, Robert Bennett (Bill Bennett's brother and a powerhouse Democrat lawyer) advised the committee to drop McCain from the investigation because there was no evidence to implicate him. The Dems refused because then the scandal would have revealed the "culture of corruption" to be entirely a feature of the Democrat party. Bennett recently reaffirmed those events. McCain has nothing to fear from the so-called Keating Five scandal.
The fact remains:
Quote:
McCain received $112,000 by 1987 from Keating and Keating's relatives and employees to McCain's Senate campaign, more than any of the other Senators.
For someone so innocent that's interesting to say the least.
You'll notice that there was only one Republican in that list. There's a reason for that. The Democrats wanted to make the scandal bipartisan so they included John McCain. The lead investigator for the Democrats, Robert Bennett (Bill Bennett's brother and a powerhouse Democrat lawyer) advised the committee to drop McCain from the investigation because there was no evidence to implicate him. The Dems refused because then the scandal would have revealed the "culture of corruption" to be entirely a feature of the Democrat party. Bennett recently reaffirmed those events. McCain has nothing to fear from the so-called Keating Five scandal.
That's interesting, I never noticed they were all Ds. Wow.
For someone so innocent that's interesting to say the least.
That's hugely interesting! Maybe.... he was paid to play his role...and... (blinded by all the money from the best selling novel, must stop typing)
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