Posted on 1/23/2008, 8:06:03 PM by ElkGroveDan
The controversial George W. Bush-sponsored poll in South Carolina mentioned John McCain's role in the so-called Keating Five scandal, and McCain says his involvement in the scandal "will probably be on my tombstone." What exactly did McCain do?
In early 1987, at the beginning of his first Senate term, McCain attended two meetings with federal banking regulators to discuss an investigation into Lincoln Savings and Loan, an Irvine, Calif., thrift owned by Arizona developer Charles Keating. Federal auditors were investigating Keating's banking practices, and Keating, fearful that the government would seize his S&L, sought intervention from a number of U.S. senators.
At Keating's behest, four senators--McCain and Democrats Dennis DeConcini of Arizona, Alan Cranston of California, and John Glenn of Ohio--met with Ed Gray, chairman of the Federal Home Loan Bank Board, on April 2. Those four senators and Sen. Don Riegle, D-Mich., attended a second meeting at Keating's behest on April 9 with bank regulators in San Francisco.
Regulators did not seize Lincoln Savings and Loan until two years later. The Lincoln bailout cost taxpayers $2.6 billion, making it the biggest of the S&L scandals. In addition, 17,000 Lincoln investors lost $190 million.
[EXCERPT - READ THE WHOLE ARTICLE] .
(Excerpt) Read more at slate.com ...
I'm sure Hillary and her attack dogs will point out that it was just "poor judgement" if Captain Queeg should be the GOP nominee. Or maybe they won't even mention this scandal at all...< / sarcasm >
McCain, DeConcini and Glenn should have known better than to get involved with Charles Keating. This is another reason that I, an Arizonan, have to question McCain’s judgment and wisdom.
I would like to spotlight Governor Romney’s Agenda in 2000.
McCain is a nasty ingrate loose cannon liberal.
maybe someone will see how this punk got the Budweiser distributership too
nah.............too much to ask
This thread is about that unstable, illegal alien-loving, enviro whacko enabling, tax-cut opposing, member of the gang of 14 RINOS, member of the Keating 5 crooks, John McCain.
Thanks for dropping by.
D'oh!
Has anyone got a quote from McCain about what he said about the Swiftboat Vets? As I recall he did not support them and as much said they were lying. Afterall he was considering the VP slot for Kerry in 2006.
You are right, damn! ;-)
(08-06) 04:00 PST Washington -- A group of veterans backing President Bush launched a direct attack this week on Democratic nominee John Kerry's war-hero biography by releasing a new TV ad accusing him of lying about his injuries in Vietnam and dishonoring fellow veterans by speaking out against the war.
But the 60-second television commercial, being aired in three battleground states in the presidential race, sparked a furious response Thursday from Republican Sen. John McCain of Arizona, a former Vietnam prisoner of war, who called the ad "dishonest and dishonorable" and urged the White House to condemn it.
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/08/06/MNGUT83SS41.DTL
Thanks for the reminder. Please do a vanity post of flashback 2000 on that lying little dweeb. People in Florida need to be reminded of this.
Those words make VP Lindsey Grahamnesty sad.
Vice President, Lindsey Grahamnesty's trusted advisor, Schmuck Schumer, looks on with approval.
But there was one subject that was off-limits, a subject the Arizona senator almost never brings up and has never been open about -- his long-time opposition to releasing documents and information about American prisoners of war in Vietnam and the missing in action who have still not been accounted for. Since McCain himself, a downed Navy pilot, was a prisoner in Hanoi for 5 1/2 years, his staunch resistance to laying open the POW/MIA records has baffled colleagues and others who have followed his career. Critics say his anti-disclosure campaign, in close cooperation with the Pentagon and the intelligence community, has been successful. Literally thousands of documents that would otherwise have been declassified long ago have been legislated into secrecy.
Ha,ha! Note that chuck is staring at the camera, and preparing to shove grahmnesty out of his way.
Is John McCain a Crook?
Yes.
Even in the 1980's McCain was hanging too close to the Democrats. You think he would have learned his lesson by now.
I'm open to any suggestion.
McCain’s a Senator. That’s more than enough of a crook to me.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.