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4 Democrats and 1 Republican, All had accepted contributions from Charles Keating Jr.
http://en.wikipedia.org/wiki/Keating_Five
Senator Cranston (D) took $900,000, the most generous share of the $1.36-million Mr. Keating handed out.
Lincoln Savings and Loan collapsed in 1989, Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings.
In February 1991, the Senate Ethics Committee found McCain and Glenn to be the least blameworthy of the five senators. (McCain and Glenn attended the meetings but did nothing else to influence the regulators.) McCain was guilty of nothing more than "poor judgment," the committee said, and declared his actions were not "improper nor attended with gross negligence." McCain considered the committee's judgment to be "full exoneration," and he contributed $112,000 (the amount raised for him by Keating) to the U.S. Treasury.
McCain repaid $112,000 to the U.S. Treasury and reimbursed Keating for all the trips.
McCain Must be Honest!
Welcome to 2008 Greg. Your running horse is a mule, aged 72.Enjoy the races.
Love Wins
Last edited by Gregcyber; 08-31-2009 at 08:24 AM.
Yes, he will be a great grandpa. But he won't be a president.
Love Wins
Last edited by Gregcyber; 08-31-2009 at 09:47 AM.
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