Today's newspaper ran a piece reminding us that McCain was one of the "Keating 5" back in the late 80's-early 90's...and of course, he learned from the experience. :roll:
http://www.modbee.com/2028/story/247552.html
"Sen. John McCain's ethics entanglement with a wealthy banker ultimately convicted of swindling investors was such a disturbing, formative experience in his political career that he compares the scandal in some ways to the five years he was tortured as a prisoner of war in Vietnam.
"I faced in Vietnam, at times, very real threats to life and limb," McCain told The Associated Press. "But while my sense of honor was tested in prison, it was not questioned. During the Keating inquiry, it was, and I regretted that very much."
In his early days as a freshman senator, McCain was known for accepting contributions from Charles Keating Jr., flying to the banker's home in the Bahamas on company planes and taking up Keating's cause with U.S. financial regulators as they investigated him.
The Keating Five was the derisive name given McCain and four Democratic senators who were defendants in a congressional ethics investigation of their connections to Keating. McCain is the only one still in the Senate. They were accused of trying to intimidate regulators on behalf of Keating, a real estate developer in Arizona and owner of Lincoln Savings and Loan based in Irvine, Calif.
Keating and his associates raised $1.3 million combined for the campaigns and political causes of all five. McCain's campaigns received $112,000."
"But in recent weeks, McCain has defended himself anew over another instance in which he intervened with federal regulators on behalf of a prominent campaign contributor - years ago but after the Keating rebuke. Again, McCain denies acting improperly.
McCain wrote two letters in late 1999 to the Federal Communications Commission on behalf of Florida-based Paxson Communications. He urged quick consideration of a proposal to buy a television station license in Pittsburgh, although he did not ask the FCC commissioners to approve the proposal. At the time, one FCC commissioner's formal nomination was pending before McCain's Senate committee, and the FCC chairman complained that McCain's letters were improper.
McCain wrote the letters after receiving more than $20,000 in contributions from the company's executives and lobbyists. Chief executive Lowell W. "Bud" Paxson also lent McCain his company's jet at least four times during 1999 for campaign travel."
His ethics certainly appear to be for sale...What kind of president would he be? Sold to the highest bidder? Makes me nervous.
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