Revisiting McCain's "Keating 5 History".

Discussion in 'Politics' started by Octoldit, Sep 24, 2008.

  1. Octoldit
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    Octoldit VIP Member

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    By Los Angeles Times

    At one time, John McCain said the worst thing that ever happened to him, Vietnam included, was the so-called Keating 5 scandal. "The Vietnamese," he would say, "didn't question my honor."

    Among McCain's earliest benefactors in Arizona was Lincoln Savings and Loan chief Charles Keating Jr., who filled McCain's campaign coffers with more than $100,000 and hosted the McCains multiple times at his vacation home in the Bahamas.

    Keating expected his largesse to be rewarded, and when federal regulators began looking into Lincoln's questionable lending practices and investments in the late 1980s, he turned to five senators whose coffers he had lined — Alan Cranston of California, Donald Riegle of Michigan, John Glenn of Ohio and both Arizona senators, Dennis DeConcini and McCain.

    McCain attended two meetings with regulators at Keating's request. McCain's view was that he was seeking information on behalf of a constituent who was an important employer in his state. The regulators' view was that they were being pressured to act favorably for Keating.

    Lincoln's collapse, the biggest of many savings and loan failures, cost taxpayers $2.6 billion. Keating spent four years in jail, before his sentence was overturned on a technicality, and the Keating 5, as the senators came to be known, lived under an ethical cloud for years.

    During the investigation, McCain revealed he and his wife, Cindy, had not reimbursed Keating for thousands of dollars in flights on his company jet to the Bahamas. The McCains blamed each other, reported McCain biographer Robert Timberg, causing the first rift in their marriage.

    Then, The Arizona Republic published a report about an investment that Cindy McCain had made with her father in a shopping-mall project owned by a Keating company.

    In 1991, McCain, along with his four Democratic colleagues, was found guilty by the Senate Ethics Committee of using "poor judgment" for attending the meetings with regulators on Keating's behalf.

    "I watched John just crumble," Cindy McCain told Timberg. "I've seen the glow go out of him. This is a guy who could reach for the stars, and now he can't — or he won't."
     
  2. Chris
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    Chris Gold Member

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    Cindy's felon father, James Henley, was partners with mob boss Kemper Marley. Kemper Marley had reporter Don Bolles blown up in 1976. Cindy used her father's mob money to finance all of John's Senate campaigns. Now Cindy won't reveal her tax records from that period. What is she hiding?
     
  3. Jeepers
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    Jeepers Senior Member

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    The whereabouts of hoffa and the lindburg baby....
     
  4. Jeepers
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    Jeepers Senior Member

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    She also has the rifle fired from the grassy knolll.. she however is not hiding it but only brings it out in discriminating company....
     
  5. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    She also holds the keys the keys to the secret vault in Area 51 that contains the exterestrial remains made famous in the movie Independence Day.
     
  6. Mauser
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    Mauser Member

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    Something rarely mentioned is that the special prosecutor hired by the Senate, Robert Bennett....a democrat....recommended to the Senate that McCain be removed from the investigation due to there being no evidence that he'd done anything wrong.

    The Senate didn't want McCain removed from the investigation, and Bennett has said the reason for that, he believes, is because McCain was a Republican.
     
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  7. William Joyce
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    William Joyce Chemotherapy for PC

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    My, how we've grown.
     
  8. editec
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    editec Mr. Forgot-it-All

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    Why William...you have an even darker sense of humor than I do.
     
  9. strollingbones
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    strollingbones Diamond Member

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    i wonder if cindy was on drugs at that time? McCain would like it to be the "keating 4""
     
  10. sealybobo
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    sealybobo Diamond Member

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    Here is how I heard it.

    Keating was a navy guy/rich dude and he introduced McCain to everyone John knows in Warshington. Keating's bank was the biggest culprit in the S&L deregulations scandal that collapsed the industry, much like today's fiasco. So Keating served 5 years in prison.

    McCain was a POW and John Glenn was a hero astronaut, so they got a pass. The other three who were involved were run out of politics.

    That's when Cindy McCain got addicted to oxy cotton. LOL. I love that part.:cuckoo:
     

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