Saturday, August 30, 2008

For the record -- the Keating 5 rides again

Here's what Wikipedia says about John McCain's dealings with Charles Keating in the Lincoln Savings and Loan scandal back in the 80s. It would seem from his continued tenure in the Senate and his general popularity that one of the tortures inflicted on him in Vietnam was liberal application of Teflon.


McCain and Keating had become personal friends following their initial contacts in 1981.[8] Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates.[14] In addition, McCain's wife Cindy McCain and her father Jim Hensley had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. McCain, his family, and their baby-sitter had made nine trips at Keating's expense, sometimes aboard Keating's jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain did not pay Keating (in the amount of $13,433) for some of the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln.[6][15]

No comments: