http://www.azcentral.com/specials/special39/articles/1003mccainbook5.htmlPlease read this chapter of the Thrifts scandal. McCain was up to his neck in that. WHY don't Democrats use that against him in his campaigns? Is it because the other 4 involved were Democrats? Mr. McCain wasted no time in pointing that out...at the end of this piece. See bottom snip...
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But McCain made a critical error.
In spinning his side of the Keating story, McCain adopted the blanket defense that Keating was a constituent and that he had every right to ask his senators for help. In attending the meetings, McCain said, he simply wanted to make sure that Keating was treated like any other constituent.
Keating was far more than a constituent to McCain, however.
On Oct. 8, 1989, The Republic revealed that McCain's wife and her father had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators.
The paper also reported that the McCains, sometimes accompanied by their daughter and baby-sitter, had made at least nine trips at Keating's expense, sometimes aboard the American Continental jet. Three of trips were made during vacations to Keating's opulent Bahamas retreat at Cat Cay.
McCain also did not pay Keating for the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln. Total cost: $13,433.
When the story broke, McCain did nothing to help himself. When reporters first called him, he was furious. Caught out in the open, the former fighter pilot let go with a barrage of cover fire. Sen. Hothead came out in all his glory.
''You're a liar,''' McCain snapped Sept. 29 when a Republic reporter asked him about business ties between his wife and Keating.
''That's the spouse's involvement, you idiot,'' McCain said later in the same conversation. ''You do understand English, don't you?''
He also belittled the reporters when they asked about his wife's ties to Keating.
''It's up to you to find that out, kids.''
And then he played the POW card.
''Even the Vietnamese didn't question my ethics,'' McCain said.<snip>
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''For the first time in history, the Ethics Committee overruled the recommendation of the independent counsel,'' McCain said. ''I'm sure it had nothing to do with the fact that I was the only Republican of the five and the Democrats were in the majority (in the Senate).''<snip>