Liberalscum Buster

October 28, 2008

WEALTH REDISTRIBUTION McCAIN STYLE

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, Uncategorized, war — gasdocpol @ 11:53 am

1. McCAIN HELPED MAKE 20,000 DEPOSITORS OF LINCOLN SAVINGS BANK LOSE LIFE SAVINGS BY INTERVENING WITH BANKING REGULATORS ON KEATING’S BEHALF. CHARLES KEATING GOT VERY WEALTHY IN THE PROCESS AND McCAIN BENEFITTED.

2. McCain defended his attendance at the meetings with banking regulators by saying Keating was a constituent and that Keating’s development company, American Continental Corporation, was a major Arizona employer.

3. Keating was more than a constituent to McCain–he was a longtime friend and associate. McCain met Keating in 1981 at a Navy League dinner in Arizona where McCain was the speaker. Keating was a former naval aviator himself, and the two men became friends. Keating raised money for McCain’s two congressional campaigns in 1982 and 1984, and for McCain’s 1986 Senate bid. By 1987, McCain campaigns had received $112,000 from Keating, his relatives, and his employees–the most received by any of the Keating Five. (Keating raised a total of $300,000 for the five senators.)

After McCain’s election to the House in 1982, he and his family made at least nine trips at Keating’s expense, three of which were to Keating’s Bahamas retreat. McCain did not disclose the trips (as he was required to under House rules) until the scandal broke in 1989. At that point, he paid Keating $13,433 for the flights.
And in April 1986, one year before the meeting with the regulators, McCain’s wife, Cindy, and her father invested $359,100 in a Keating strip mall.

“Is John McCain a Crook?” Chris SuellentropPosted Friday, Feb. 18, 2000

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: