Page 4 - Keating Five News Today

Mccain won election to the senate. it didnt take long for scandal to threaten his political career. during the 1980s, the savings and loans crisis rocked the country. >> it was the mini version of the wall street street blow-up of 2008. voters were angry. >> john mccains old arizona friend and political contributor charles keatings lending institution was at the heart of the scandal. because of his close ties to the embattled businessman, mccain became embroiled in one of the biggest financial s...

Marked the country. >> it was a mini version of what became the wall street blowup of 2008. and voters were angry. >> john mccains old arizona friend and political contributor was at the heart of the scandal. because of his close ties to the embattled businessmen, mccain became embroiled in one of the biggest financial scandals in u.s. history as a member of the infamous keating five. >> the keating five scandal was the accusation that members of the u.s. senate had been showered with campaign c...

He got elected. those are the rules. i dont know if you voted for the subsidies for those, i dont know. that was done by president obama by executive order. >> eric: if he doesnt show up, the debate doesnt go forward and three different versions of obamacare repeal dont get voted down. >> joe: im happy he came back im all in favor of it but i wish he wouldve voted differently. >> eric: im not happy he came back. we would still be talking about a better alternative to obamacare. it feels to me li...

On behalf of charles keating. the so-called keating five are republican john mccain, and democrats alen cranston, john glenn, and two others. they reportedly received a total of $1.3 million in donations. or favorite causes. ed win gray says the senators tried to subvert the regulatory process. >> i was told to come alone. i did. >> did you find that unusual? >> absolutely. never happened before. the whole time i was in washington, i never saw that. >> no witnesses? >> no, no witnesses. deniabil...

>> how much? >> really want to know? >> yes. >> it was $30,000 and for us, that was quite a bit. >> capitalize on this, the bond salesman were told. the weak, meek, and ignorant are always good targets. >> the regulators were looking at us saying this guy is a disaster, man. we have got to stop this. but by that time, keating had a construction company in arizona. he had thrifts in california. his tentacles spread out to several states. so he was able to call on congressman and senators and say,...

A purple heart in the distinguished flying cross. his wounds left him with impaired physical abilities for the rest of his life. he retired from the navy as a captain in 1981 after marrying cindy hensley, a teacher from arizona. he moved to phoenix and got into politics serving two terms in the house of representatives. he was elected to the senate in 1986 redeveloped repetition as a maverick. while he voted with this party was the time it became clear is willing to buck the public and leadershi...