Originally Posted by ckblv
"has had his share of scandals" LOL
Keating 5, he testified, he was the only politician that did testify.
The other 4 which were Democrats
did not have the courage to testify.
The thing you neglected to say is, McCain was found innocent of any
wrong doing in the entire scandal. Tell the whole story now.
Yes, he was found to be not guilty but not quite innocent either. He had a long relationship with Keating and was cited for improper unethical behavior and received a slap on the wrist from the Senate committee. He testified to save his own hide which was ironic since he was the biggest beneficiary of Keating's largesse.
Cindy and her father had invested in some property with Keating and then later sold it at an enormous profit. He had close connections with him including accepting large donations to his campaign.
During the 1980â€™s Keating helped make McCain a Representative, then Senator, contributing (along with friends) $56,000 to McCainâ€™s House races in 1982 and 1984, and $54,000 to McCainâ€™s 1986 Senate race. During those years McCain used Keatingâ€™s personal jet to take 9 family trips, including yearly vacations to Keatingâ€™s exclusive Bahama vacation home, which he did not disclose on his tax returns or to the Senate until years later when he was investigated for accepting favors from Charles Keating and Keatingâ€™s Lincoln Savings and Loan.
A little info on Keating:
John McCain and four other Senators met with federal auditors twice and put pressure on them to stop the investigation. The Senators bought two years for Keating, but in 1989 the Lincoln Savings and loan went bust. The FDIC bailout cost taxpayers $3.4 billion and helped push the country into a recession. Keating was convicted of 73 counts of fraud, racketeering, and conspiracy and sentenced to 10 years in prison.
McCain paid back the IRS years later when Keatingâ€™s company tried to take tax deductions for the trips, the IRS raised questions. McCain, said he thought his wife had paid back more than $13,000 â€” years after the trips and after the senator knew of Keatingâ€™s problems with the government.
The Democrats were guilty which has nothing to do with McCain being guilty. Party affiliation doesn't excuse anyone's behavior.