Keating - A "must watch" for McCain supporters

This is the story that the media refuses to mention.

With the economic meltdown that we are witnessing, shouldn't the media be reminding the American people that John McCain was involved in the Keating 5 scandal?

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), and 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).

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.

http://www.keatingeconomics.com/

Hat tip: http://www.crooksandliars.com/