My late Mother a devout Irish catholic who attended mass daily thought the world of Charles Keating. He was a very public supporter of Mother Teresa and catholic charities here in Phoenix. She assumed as did many of the elderly that since her banker said the bonds were government insured and he worked for that nice Mr Keating her money would be safe.

According to one of the regulator in charge of the investigation into the collapse of the savings and loan industry, Senator John S McCain was the single individual who most used the power of his office to influence and shield his close friend from the scrutiny of regulators attempting to investigate what became a scandal that eventually cost my Mom tens of thousands of dollars.
The historical facts are indisputable. Keating made contributions of $1.3 million to various U.S. Senators, and he called on those Senators to help him resist regulators. It worked the regulators backed off while Keating attempted in vain to cook the books and prevent the toppling of his corrupt financial empire.
Between 1982 and 1987, John S McCain received $112,000 in political contributions from Keating and associates in addition, McCain’s wife Cindy and her late father a reputed associate of the late Kemper Marley . invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators.

John McCain and family, nanny included often made weekend trips to Keatings Bahama retreat aboard Chucks Learjet. A fact John failed to disclose despite a law that required him to report trips and gifts he received. Only after the scandal broke was an embarrassed John McCain forced to amend prior disclosure statements to include at least nine trips and more then ten grand in travel expense his friend Keating covered.

To John’s thinking he was completing exonerated by the Senate investigation into the scandal because a deal was made behind closed doors that limited his official punishment. But facts which are a matter of public record, color John McCain as a Senator eager to use his office to protect a crook. A crook who saw to it that hundreds of thousands of dollars ended up in the McCain family bank account.

Which I speculate is the reason Cindy McCain refuses to release tax returns or disclose financial information when every other candidate and spouse has already done so.

P.S. Burton Blogger Nations

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