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gravenewworld
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http://www.npr.org/templates/story/story.php?storyId=17137136
The S&L bail out also cost taxpayers $2.6 billion and investors in Lincoln lost almost $200 million dollars.
Ok, on the other hand the ethics committee did find him "guilty of only poor judgment" but let me remind you this was even before any sort of campaign finance reform was ever enacted on soft money.
n the spring of 1987, McCain was just beginning his first term in the Senate. Charles Keating was a friend, a campaign contributor, and owner of Lincoln Savings and Loan. At the time, Lincoln was under investigation by federal regulators. As McCain recounted the story in an NPR interview two years later, Keating came to his office and offered to do certain things for him, as McCain put it, in return for McCain's interceding with regulators
...
McCain had received some $112,000 in contributions from Keating, his relatives and employees for the House and Senate campaigns. But he told the Senate Ethics Committee in 1991 that the money was not a factor.
The S&L bail out also cost taxpayers $2.6 billion and investors in Lincoln lost almost $200 million dollars.
Ok, on the other hand the ethics committee did find him "guilty of only poor judgment" but let me remind you this was even before any sort of campaign finance reform was ever enacted on soft money.