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Who is the only member of the Keating 5 still serving in the US Senate?

by Guest56658  |  earlier

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Who is the only member of the Keating 5 still serving in the US Senate?

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  1. I know, I know.  John "we may be in Iraq 100 years" McCain.


  2. John McCain

  3. John McCain is the only one of the Keating Five still serving in the US Senate.

    "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), 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).

    Gray testified that several U.S. senators had approached him and requested that he ease off on the Lincoln investigation. It came out that these senators had been beneficiaries of $300,000 (collective total) in campaign contributions from Keating. McCain received $112,000 by 1987 from Keating and Keating's relatives and employees to McCain's Senate campaign, more than any of the other Senators. [1] In September 1987 National Thrift News was the first media outlet to break the story.[2] In October 1989 The Arizona Republic reported that in addition to campaign contributions, McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental Corporation (parent of Lincoln) jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain also did not pay Keating for some of the trips until years after they were taken, after he learned that Keating was in trouble over Lincoln. [3] Lincoln Savings and Loan's collapse is said to have cost taxpayers $3.4 billion.

    After months of testimony revealed that all five senators acted improperly to differing degrees, the senators maintained they were following the status quo of campaign funding practices.

    ." The report of the proceedings, however, did not address the fact that a private U.S. citizen accused of improprieties had called a meeting of five U.S. senators with an agenda dedicated to aiding his financial fortunes, and all five of them actually appeared and allowed him to officiate proceedings."

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