McCain was part of the Keating 5 that resulted in the loss of some $3 billion dollars at Lincoln Savings and Loan.
Charles Keating the owner of Lincoln S&L flew McCain and his family at his expense to vacations in the Bahamas and elsewhere (a fact McCain failed to report to Congress). Keating also sold McCain's wife an interest in a small shopping center and Keating heavily contributed to McCain's various political campaigns.
In return for Keating's "generosity" McCain went to bat for Lincoln S&L when federal banking regulators started to investigate. However when the shit hit the fan and Lincoln went under, McCain claimed that Keating was only one of his many constituents and that was the only reason he had spoken with banking regulators.
McCain is a crook.
The Keating Five
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