http://en.wikipedia.org/wiki/Keating_Five
McCain and Keating had become personal friends following their initial contacts in 1981.[8] Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates.[14] 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.[6][15]
McCain and Keating had become personal friends following their initial contacts in 1981.[8] Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates.[14] 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.[6][15]
If you want to cherry pick, so can I.
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).
After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they were both re-elected.
Notice the words: cleared of having acted improperly.
He made few waves until suddenly he found himself on television trying to explain himself as one of the "Keating 5," five U.S. Senators who became enmeshed in the scandal involving the collapsed Lincoln Savings and Loan and the financial machinations of now convicted cheat Charles Keating. The U.S. taxpayers will feel for years the aftershocks of what has become known as the "S & L scandal" and will be paying off the billions that S & L clients found themselves swindled out of by Keating and others involved in the massive fraud.
As one of the "Keating 5" Senators, John McCain saw his chances to higher office go down the drain.
Reports from a variety of U.S. publications tell of the involvement of McCain in the ever-widening scandal.
ECONOMIST, Mar. 9, 1991--"Mr. McCain, despite his claims of innocense, was the only one of the five who benefited personally--family holidays in the Bahamas on Mr. Keating's tab."
NEW REPUBLIC, Dec. 31, 1990--"The only Republican of the bunch [the five Senators], John McCain of Arizona wins credit for finally drawing the line. After the second of the two April meetings [with Federal regulators] he told Mr. [Sen. Dennis] DeConcini [D-Ariz.] and Mr. Keating that he wouldn't lean on the regulators any more. Mr. Keating called him a wimp. But before the rupture, Mr. McCain and his family were regular guests of Mr. Keating's on trips to the Bahamas. Mr. McCain reimbursed the owner of Lincoln Savings and Loan for only a small fraction of the cost of these holidays. Yet, he never reported the vacations on Senate disclosure forms, or his income taxes. He said he thought his wife had paid Mr. Keating back. This is hard to believe."
NEW REPUBLIC, Sept. 9, 1991--Calling McCain part of the "Senatorial Lincoln Brigade," the NEW REPUBLIC reported that Keating, while bankrupting his Savings and Loan, had channeled $1.4 million to the campaigns or causes of the five Senators, who in turn pressured the Savings and Loan regulators to "back off our friend."Ultimately, the fall of Lincoln Savings and Loan will cost the U.S. taxpayers $2 billion. It lost $1 million dollars a day from the time Keating bought it in 1984 until its collapse in 1989, and yet he continued to pay off McCain as "one of his assets," REGARDIE'S magazine reported in its April-May 1992 issue.
As one of the "Keating 5" Senators, John McCain saw his chances to higher office go down the drain.
Reports from a variety of U.S. publications tell of the involvement of McCain in the ever-widening scandal.
ECONOMIST, Mar. 9, 1991--"Mr. McCain, despite his claims of innocense, was the only one of the five who benefited personally--family holidays in the Bahamas on Mr. Keating's tab."
NEW REPUBLIC, Dec. 31, 1990--"The only Republican of the bunch [the five Senators], John McCain of Arizona wins credit for finally drawing the line. After the second of the two April meetings [with Federal regulators] he told Mr. [Sen. Dennis] DeConcini [D-Ariz.] and Mr. Keating that he wouldn't lean on the regulators any more. Mr. Keating called him a wimp. But before the rupture, Mr. McCain and his family were regular guests of Mr. Keating's on trips to the Bahamas. Mr. McCain reimbursed the owner of Lincoln Savings and Loan for only a small fraction of the cost of these holidays. Yet, he never reported the vacations on Senate disclosure forms, or his income taxes. He said he thought his wife had paid Mr. Keating back. This is hard to believe."
NEW REPUBLIC, Sept. 9, 1991--Calling McCain part of the "Senatorial Lincoln Brigade," the NEW REPUBLIC reported that Keating, while bankrupting his Savings and Loan, had channeled $1.4 million to the campaigns or causes of the five Senators, who in turn pressured the Savings and Loan regulators to "back off our friend."Ultimately, the fall of Lincoln Savings and Loan will cost the U.S. taxpayers $2 billion. It lost $1 million dollars a day from the time Keating bought it in 1984 until its collapse in 1989, and yet he continued to pay off McCain as "one of his assets," REGARDIE'S magazine reported in its April-May 1992 issue.
