Page 7 - Keating Five News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mccain won election to the senate. it didn't 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 mccain's old arizona friend and political contributor charles keating's 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 scandals in u.s. history as a member of the infamous keating five. >> the keating five scandal was...

Marked the country. >> it was a mini version of what became the wall street blowup of 2008. and voters were angry. >> john mccain's 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 contributions and that they had intervened with federal regulators. >> hearings into the keating fiv...

He got elected. those are the rules. i don't know if you voted for the subsidies for those, i don't know. that was done by president obama by executive order. >> eric: if he doesn't show up, the debate doesn't go forward and three different versions of obamacare repeal don't get voted down. >> joe: i'm happy he came back i'm all in favor of it but i wish he would've voted differently. >> eric: i'm not happy he came back. we would still be talking about a better alternative to obamacare. it feels to me like he was being an anti-trump obstructionist. >> joe: this is making up for the keating fiv...

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. deniability. perfectly built into the meeting. >> they said they wanted us to not take the enforcement actio...

>> 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, hey, get these dogs off my back. >> this morning, the s&l crisis goes to capitol hill, looking into...