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Senator McCain to Mix It Up at the Keating Firm (of all places!)

February 11, 2007 12:00 PM

The Cincinnati Post is reporting that John McCain will be in town this week for a fundraising breakfast, and then a meet and greet at Keating, Muething and Klekamp.

You'd really think he'd avoid reminding folks he was one of the Keating Five.

In case you've forgotten, Charles Keating was one of the founding partners and KMK, and good friends with John McCain.  Here's the condensed version on the Keating Five scandal:

 McCain was one of the so-called "Keating Five" senators. He was investigated by the Senate Select Committee on Ethics in 1991 regarding the acceptance of favors from Lincoln Savings & Loan Association (Lincoln) and its owner, Charles H. Keating, Jr. Simply put, the issue was whether McCain and the other senators used their official positions to attempt to pressure Federal Home Loan Bank Board officials to go easy on the troubled institution. Eventually Lincoln went bust, costing depositors and taxpayers millions.

In its final report (November 20, 1991), here is what the Senate Select Committee on Ethics concluded about McCain's conduct:

"Mr. Keating, his associates, and his friends contributed $56,000 for Senator McCain's two House races in 1982 and 1984, and $54,000 for his 1986 Senate race. Mr. Keating also provided his corporate plane and/or arranged for payment for the use of commercial or private aircraft on several occasions for travel by Senator McCain and his family, for which Senator McCain ultimately provided reimbursement when called upon to do so. Mr. Keating also allowed Senator McCain and his family to vacation with Mr. Keating and his family, at a home provided by Mr. Keating in the Bahamas, in each of the calendar years 1983 through 1986.

Three items to note: (1) McCain's Keating Five history pretty clearly demonstrate his complete hypocrisy on campaign finance issue, which is supposedly his baby, and one of the reasons why the media adores him, (2) why he gets a free pass on this hypocrisy is a mystery to me, and (3) clearly his political skills are not what they appear to be if he thinks it's smart to make an announced visit to the Keating firm. 

He should be running from the Keating name as fast as possible!


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