Letter: Is McCain the best one?On the fence about who to vote for in November? Think about this: John McCain was reprimanded by his peers for his involvement in a banking scandal called the “Keating 5.”
By: Lissa List, Baldwin, Hudson Star-Observer
On the fence about who to vote for in November? Think about this: John McCain was reprimanded by his peers for his involvement in a banking scandal called the “Keating 5.”
McCain was one of five U.S. senators accused of corruption in 1989 during the savings and loan crisis. He was accused of improperly aiding Charles H. Keating Jr., chairman of the failed Lincoln Savings and Loan Association, which was under investigation by the Federal Home Loan Bank Board.
After a lengthy investigation, the Senate Ethics Committee cleared John McCain of having acted improperly but criticized him for exercising “poor judgment.” Lincoln soon collapsed, and the bailout cost U.S. taxpayers thousands of millions of dollars.
During the investigation, John McCain withheld from Congress that he had taken nine trips on Keating’s private jet. When Keating was asked if he was buying or influencing McCain with his gifts and money, Keating replied, “I want to say in the most forceful way I can, I certainly hope so.”
It’s all in the family for the McCains — Cindy McCain and Keating were business partners in a shopping mall venture which netted Cindy McCain a million dollar profit — after Keating went to jail. Now their son Andrew has departed from the board of directors of Silver State Bancorp — a failing Nevada bank.
Our country is again in financial crisis, and this is the best candidate the Republicans could come up with?