Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
Difficult for Palin
Message
 
 
To
01/09/2008 21:15:14
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Politics
Category:
News
Miscellaneous
Thread ID:
01343846
Message ID:
01344052
Views:
18
>read the names of the five
>
>Wasn't McKain cleared of wrondoing, though he was said to have used "poor judgment?"

From the Wikipedia:

On April 2, 1987, a meeting with chairman Gray of the FHLBB was held in DeConcini's Capitol office, with Senators Cranston, Glenn, and McCain also in attendance.[6] DeConcini started the meeting with a mention of "our friend at Lincoln."[6] Gray told the assembled senators that he did not know the particular details of the status of Lincoln Savings and Loan, and that the senators would have to go to the bank regulators in San Francisco that had oversight jurisdiction for the bank. Gray did offer to set up a meeting between those regulators and the senators.[6]

On April 9, 1987, a two-hour meeting[4] with three members of the FHLBB San Francisco branch was held, again in DeConcini's office, to discuss the government's investigation of Lincoln.[8][6] Present were Cranston, DeConcini, Glenn, McCain, and additionally Riegle.[6] The regulators felt that the meeting was very unusual and that they were being pressured by a united front, as the senators presented their reasons for having the meeting.[6] McCain said, "One of our jobs as elected officials is to help constituents in a proper fashion. ACC [American Continental Corporation] is a big employer and important to the local economy. I wouldn't want any special favors for them.... I don't want any part of our conversation to be improper." Glenn said, "To be blunt, you should charge them or get off their backs," while DeConcini said, "What's wrong with this if they're willing to clean up their act? ... It's very unusual for us to have a company that could be put out of business by its regulators."[6] The regulators then revealed that Lincoln was under criminal investigation on a variety of serious charges, at which point McCain severed all relations with Keating.[6] Glenn continued to help Keating after that revelation, by setting up a meeting with then-House Majority Leader Jim Wright, which turned out to be the only questionable thing Glenn did throughout the whole affair.[9]


If that is accurate, and McCain severed ties with Keating once he found out he was under investigation by banking regulators, I think he was more stained by the affair than he deserves to be. I'm not going to get up on a stump and rant about him trying to help out a major donor, because all politicians do that. A small-government Republican is not likely to be a big fan of regulators in the first place, so it wouldn't be out of character for him to try to get them off Keating's back. It's to his credit that he backed off once he found out the regulators might have had good reason for investigating.
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform