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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (115656)	9/7/2008 12:00:54 PM
From: Madharry	Read Replies (1) of 132070

like father like son? Keating's son being strongly associated with recent failure of a thrift brings back memories: Lincoln Savings and Loan The Lincoln Savings led to the Keating Five political scandal, in which five U.S. senators were implicated in an influence-peddling scheme. It was named for Charles Keating, who headed Lincoln saving and made $300,000 as political contributions to them in the 1980s. Three of those senators - Alan Cranston, Don Riegle, and Dennis DeConcini - found their political careers cut short as a result. Two others - John Glenn and John McCain - were rebuked by the Senate Ethics Committee for exercising "poor judgment" for intervening with the federal regulators on behalf of Keating. It seems strange to me that no one has brought up this previous fiasco relating to McCains judgement when we are facing yet another financial crisis. Fact is McCain has has track record of poor judgement. Someone with more moral character might have been so ashamed of contributing to the loss of billions of dollars that they might have resigned from government.

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