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KEATING 5 (Rezko is in last 2 McCain ads... time to for Dems to go THERE)

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npincus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-24-08 08:11 AM
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KEATING 5 (Rezko is in last 2 McCain ads... time to for Dems to go THERE)
Edited on Sun Aug-24-08 08:11 AM by npincus
Alright, why hasn't this been dropped on McCain; he's having a field day w/Rezko in his ads. Well?



http://en.wikipedia.org/wiki/Keating_Five

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).

After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they were both re-elected.

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