John McCain's Corruption Case?

http://en.wikipedia.org/wiki/Keating_Five

He was cleared but criticized for having bad judgment, still he was there and I bet knew more than they claim!!!

What do ya'll think? Presidential material or another scum politician?

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  • Sidney
    Lv 7
    1 decade ago
    Favorite Answer

    Well, he admitted he was tainted by the system, and how about his involvemnt with another campaign donor Paxson Communications.

    “Not everyone was satisfied with the Senate Ethics Committee conclusions. Fred Wertheimer, president of Common Cause, which had initially demanded the investigation, thought the treatment of the senators far too lenient, and said, "The U.S. Senate remains on the auction block to the Charles Keatings of the world." Joan Claybrook, president of Public Citizen, called it a "whitewash". Jonathan Alter of Newsweek said it was a classic case of the government trying to investigate itself, labelling the Senate Ethics Committee "shameless" for having "let four of the infamous Keating Five off with a wrist tap." Margaret Carlson of Time suspected the committee had timed its first report to coincide with the run-up to the Gulf War, minimizing its news impact.”

    “WASHINGTON - As William K. Black watches John McCain move toward the Republican presidential nomination, he thinks of a day 21 years ago that he considers one of the most troubling of his life.

    Black, a senior federal savings and loan regulator at the time, attended a meeting at which he felt McCain and four other senators pressured federal regulators to back off from investigating the troubled Lincoln Savings and Loan.

    "I remain very upset that what they did caused such damage," said Black, now a professor at the University of Missouri at Kansas City, recalling how Lincoln's bankruptcy cost the government $3 billion. Moreover, he said he believes McCain intervened partly because his wife had invested money with Lincoln chairman Charles Keating, a campaign contributor who let the McCains use his home in the Bahamas.”

    “McCain and Keating had become personal friends following their initial contacts in 1981. Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates. In addition, McCain's wife Cindy McCain and her father Jim Hensley had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. McCain, his family, and their baby-sitter had made nine trips at Keating's expense, sometimes aboard Keating's jet. Three of the trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay. McCain did not pay Keating (in the amount of $13,433) for some of the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln.

    The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. taxpayer.

    The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990-1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, the lowest rate since World War II.

    “McCain also has faced fresh criticism for pushing the Federal Communications Commission to make a decision in a 1999 case affecting another major campaign donor, Paxson Communications. Responding to recent coverage of that case, his campaign issued a statement last week saying the Arizona senator has "never done favors for special interests."

    That declaration appeared at odds with McCain's previous acknowledgment that he made errors in the Keating Five case, which he called in his 2002 autobiography the "worst mistake of my life." The McCain campaign was asked repeatedly over a weeklong period to reconcile the two statements, but declined to respond to that or other questions related to the Keating episode.

    McCain has also seemed to soften his earlier statements about being influenced by political donors and lobbyists. In 2000, McCain told the Globe: "People give money to buy access. We're all tainted by this system. . . . They have access, and therefore they have influence. It corrupts the system. And I'm a victim of it, too."

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  • Anonymous
    1 decade ago

    Hmmmm, good question, here's another, Should we vote for someone who is friends with an unrepentant terrorist? Should we vote for someone who friends and did business with a convicted felon? Should we vote for someone whose preacher for 20 plus years has shown nothing but hate and distain for American? What do ya'll think? Presidential material or another scum politician?

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  • 1 decade ago

    Every President has a scandal or two to contend with. I'm just glad McCain got his out of the way 30 years ago. Oh, and the other four found guilty in that little gem you found were democrats.

    Source(s): **snicker** IMO
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  • Anonymous
    1 decade ago

    I love how the only Obama supporters throw insults while the McCain supporters provide reasoned arguments. Telling of Obamas supporters?

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  • 1 decade ago

    I think he was found innocent of all charges, and that's the end of that. Democrat for John McCain 2008.

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  • 1 decade ago

    The only reason he got dragged into the mess was because he was a Republican. the dem prosecutor even admitted that. The other 5 Senators involved were dems. Why not look into Obama and his radical ties before you find McCain guilty of nothing...

    http://www.worldnetdaily.com/index.php?fa=PAGE.vie...

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  • Anonymous
    1 decade ago

    SCUMMY SCUM SCUM!

    But it's funny that people want to or have forgiven him because it's old news. HELLO! we're talking about the future president, not a potential manager of Walmart!

    OBAMA 08

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  • Midin
    Lv 4
    1 decade ago

    Ya ppl that have bad judgement should not be president. Here are a few examples of bad judgement:

    Wright

    Trinity United

    Rezko

    Ayers

    Pfleger

    Farrakhan

    The list gos on and on......

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  • Anonymous
    1 decade ago

    The first one,thank you very much. At least a felon didn't buy him a house...

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  • Anonymous
    1 decade ago

    the second choice.

    Source(s): Team Obama!!!
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