The McCain-Keating Connection

By Progressive Accountability

September 19, 2008

» More

John McCain's current circle of confidants seems eerily close to those he surrounded himself with during the Saving and Loans crisis of the late '80s and early '90s, when years and years of deregulation that McCain helped facilitate on behalf of Charles Keating--the disgraced chairman of the failed Lincoln Savings & Loan Association--led to the failure of hundreds of banks and a $125 billion bailout footed by tax payers. The scandal, known as the Keating Five, involved five senators who took money from Charles Keating and subsequently challenged the regulators investigating Keating's operations.

-Erica Landau

Check out more great Nation videos on our YouTube channel.

About Progressive Accountability

Progressive Accountability is a joint project of the Center for American Progress Action Fund (CAPAF) and Media Matters Action Network (MMAN) that will aggressively define and drive the 2008 national policy debate. more...
Advertisement
Advertisement
Advertisement

Blogs

» The Beat

Facing Bipartisan Criticism, RNC's Steele Asks If Race Is Factor | "Why? Is it because Michael Steele is the chairman, or is it because a black man is chairman?” he wonders. Maybe he could compare notes with Obama.
John Nichols

» Editor's Cut

New Web Column at The Washington Post | Every Tuesday, I'll be featuring progressive thinking about politics and challenging the Right in my new web column for The Washington Post. Read my first one here.
Katrina vanden Heuvel
32 Comments

» The Notion

When Snow Melts: Vancouver’s Olympic Crackdown | Anger is growing in Vancouver in advance of the 2010 Winter Olympics in Vancouver. Like Olympic clockwork, here comes the media crackdown.
Dave Zirin
44 Comments

» The Dreyfuss Report

The Mind-Boggling Stupidity of Michael Rubin | How an AEI apparatchik's love affair for Ahmed Chalabi blinds him to Chalabi's pro-Iran treachery.
Robert Dreyfuss
27 Comments

» Act Now!

Demand Question Time | Join the call for the President and Congress to implement regular Question Time sessions.
Peter Rothberg
57 Comments

» And Another Thing

How to Counterbalance Focus on the Family on Superbowl Sunday | Give to help low income girls and women.
Katha Pollitt
54 Comments

» Altercation

Slacker Friday | James O'Keefe and Alter-reviews.
Eric Alterman