The McCain-Keating Connection

The McCain-Keating Connection

The current banking crisis and McCain’s political history should be creating a serious case of déjà vu.

Facebook
Twitter
Email
Flipboard
Pocket

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.

Thank you for reading The Nation!

We hope you enjoyed the story you just read. It’s just one of many examples of incisive, deeply-reported journalism we publish—journalism that shifts the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media. For nearly 160 years, The Nation has spoken truth to power and shone a light on issues that would otherwise be swept under the rug.

In a critical election year as well as a time of media austerity, independent journalism needs your continued support. The best way to do this is with a recurring donation. This month, we are asking readers like you who value truth and democracy to step up and support The Nation with a monthly contribution. We call these monthly donors Sustainers, a small but mighty group of supporters who ensure our team of writers, editors, and fact-checkers have the resources they need to report on breaking news, investigative feature stories that often take weeks or months to report, and much more.

There’s a lot to talk about in the coming months, from the presidential election and Supreme Court battles to the fight for bodily autonomy. We’ll cover all these issues and more, but this is only made possible with support from sustaining donors. Donate today—any amount you can spare each month is appreciated, even just the price of a cup of coffee.

The Nation does not bow to the interests of a corporate owner or advertisers—we answer only to readers like you who make our work possible. Set up a recurring donation today and ensure we can continue to hold the powerful accountable.

Thank you for your generosity.

Ad Policy
x