McCain: The Most Reprehensible of the Keating Five

The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate

You're John McCain, a fallen hero who wanted to become president so desperately that you sold yourself to Charlie Keating, the wealthy con man who bears such an incredible resemblance to The Joker.

Obviously, Keating thought you could make it to the White House, too.
He poured $112,000 into your political campaigns. He became your friend. He threw fund raisers in your honor. He even made a sweet shopping-center investment deal for your wife, Cindy. Your father-in-law, Jim Hensley, was cut in on the deal, too.

Nothing was too good for you. Why not? Keating saw you as a prime investment that would pay off in the future.

So he flew you and your family around the country in his private jets. Time after time, he put you up for serene, private vacations at his vast, palatial spa in the Bahamas. All of this was so grand. You were protected from what Thomas Hardy refers to as "the madding crowd." It was almost as though you were already staying at a presidential retreat.

Like the old song, that now seems "Long ago and far away."

Since Keating's collapse, you find yourself doing obscene things to save yourself from the Senate Ethics Committee's investigation. As a matter of course, you engage in backbiting behavior that will turn you into an outcast in the Senate if you do survive.

They say that if you put five lobsters into a pot and give them a chance to escape, none will be able to do so before you light the fire. Each time a lobster tries to climb over the top, his fellow lobsters will pull him back down. It is the way of lobsters and threatened United States senators.

And, of course, that's the way it is with the Keating Five. You are all battling to save your own hides. So you, McCain, leak to reporters about who did Keating's bidding in pressuring federal regulators to change the rules for Lincoln Savings and Loan.

When the reporters fail to print your tips quickly enough--as in the case of your tip on Michigan Senator Donald Riegle--you call them back and remind them how important it is to get that information in the newspapers.

The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate. The outcome will be decided, not in a courtroom, but probably on national television.

Those who survive will be the sociopaths who can tell a lie with the most sincere, straight face. You are especially adept at this.

Last Friday night, on The John McLaughlin Show, which features well-known Washington journalists, the subject of the Keating Five was discussed. Panelist Jack Germond suggested that three of the Keating Five were probably already through in politics.

So you spend your days desperately trying to make sure you will be one of the survivors. You keep volunteering to go on radio and television stations to protest your innocence. Last week you made ABC's Nightline.

Not long before that you somehow managed to get James Kilpatrick, the national columnist, to write a favorable paragraph about you. Last Sunday morning, you made it to national television again; this time on ABC's This Week With David Brinkley. You smiled at the panel with your usual studied insouciance. Sitting next to you was Senator John Glenn of Ohio.

Brinkley, Sam Donaldson, and George Will were the interrogators.
It was a sobering scene. There you sat with Glenn, both sweating before the cameras, waiting to answer questions: two badly tarnished American icons.

No one forgets that Glenn was the first American astronaut to orbit the Earth. You won't let anyone forget that you were a prisoner of war. But you have played that tune too long. By now your constant reminders about your war record make you seem like a modern version of Arthur Miller's tragic failure Willy Loman.

Clearly, both you and Glenn sold your fame for Charles Keating's money.

It was a Faustian bargain. It was also a bad joke on the rest of us and a disaster for many old people who lost their life's savings to Keating.

The money was never really Keating's to give. But he never would have got his hands on it if you and the rest of the Keating Five didn't halt the government takeover for two long years while Keating's people continued their looting.

And now, the tab for the Savings and Loan heist must be paid from taxpayer pockets.

On Sunday, Senators Dennis DeConcini, Alan Cranston, and Riegle refused offers to appear on the Brinkley show. What must we make of that?

You, the closest of them to Keating and the deepest in his debt, have chosen the path of the hard sell. You may even make it out of the pot, but to many, your protestations of innocence taste like gall.

You are determined to bluff your way. You will stick to your story that you were acting to help a constituent and intended to do nothing improper. The very fact you attended the meeting makes you guilty, just as every man who entered the Brinks vault went to prison.

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  • Bobby 02/16/2010 4:29:00 AM

    Rey, you cannot be serious about Democrats being embarrased about their own who are involved in criminal acitivity. If this were true, half of the Obama Administration should resign and hasn't. If you read my other post you will see I have nothing left over for the conservatives in office either, but please don't give the Democrats so much credit, when it is clear how corrupt the whole two party system is along with the people it is comprised of.

  • Bobby 02/16/2010 4:20:00 AM

    I'm afraid I have to agree with the article. Mr. John, "Americans wouldn't pick lettuce for fifty dollars an hour", McCain, is utterly reprehensible. A scoundrel of the lowest order who should resign from politics. In fact, a lot of our "representatives" should resign. Nancy, Americans protesting at their own Town Halls "are Nazi's" Pelosi,Harry, "cheap labor for Vegas Hotels and illegal immigration enabler Reid, Linsay, "Americans are bigots", Graham of South Carolina, Mayor Mike,"who will take care of the golf courses if illegal foreign nationals are deported," Bloomberg of New York and.....well there really are too many to mention, life is too short.

  • VivaLaMigra 02/15/2010 12:38:00 AM

    Incredible, isn't it, that this crook has survived two full decades in politics after he should have been hauled away to the slammer, eh?

  • Nick s 11/01/2008 3:04:00 PM

    Any sensible person would check out what an unbiased entry in Wikipeida has to say. Keating Five---loaded with footnotes and references. What's here? Just nothing more than left wing, and only one wing they are so far left, lying communist propaganda barfed, farted, gassed, and vomited from the deranged cabal of screaming jerk off uninformed lying discards from the real world. They have no brains that are working just scrambled neurons of lunacy, burst blood vessils, and worse!!! I will look at this "trash" the next time I get to PHX and avoid all their advertisers. This is America and dirty slimy gutter trash liars such as this, unfortuantely, can PRINT anything and they will. They are the mouthpiece for acorn, ayers, jane fonda and all the other bastards that want to overthrow this country. They are pigs feeding at the trough of disinformation, lies, and the worthless offal of excrement from the obamas of the world. Obviuosly, this is not an reputable "paper"--- look at the ads for tattoos, obama candidates. This is a pure and simple TRASH dispenser masquerading as the "truth". We have one of these in Sacramento and many others around the country that "share" information to those that hate this country. The one good thing that will come from an obama win is that trash like this will the second to go. ayers, dohrn, hayden, the killer koward of Kopechne at Chappaquidick kennedy, and many others of the same gutter dwelling sewage run are all alike. They belong in HELL!!

  • Kirby Sommers 10/24/2008 12:14:00 AM

    The man who bribed the Hollywood foreign Press Association (HFP) in 1982 and bought his trophy wife Pia Zadora a Golden Globe for her performance in the film Butterfly, Meshulam Riklis, also gave Joe Biden plenty of backroom payola for help during his corporate raider days. Both the elder Riklis and his son Ira flew to Washington on Riklis� private jet numerous times for private �meetings� with Biden. The Riklis family continues to contribute to Biden as can be seen in public records. If any of you snoops wants to check this out, just start in Delaware and follow the money. NOTE: Riklis connection to Keating Five

  • mike 10/09/2008 6:12:00 PM

    The Keating 5 scandal involved democrats and republicans. President Clinton appointed a criminal to oversee the bank and mortgage companies. A criminal directly involved in the scandal. I have researched this case and find it deploring no criminal charges with jail time were imposed on all players in this mess! The taxpayer footed the bill as usual. Final point; both democrats and republican key figures were involved in this scandal and the democrats led the way, thanks to a bum named Alan Cranston (D). Fidel Castro, Hugo Chavez admit what they are, while American political figures look directly into the camera and smile while lying. America is on the decline, and will be a 3rd world country in less than 10 years!

  • PHYLLSPEAK 10/09/2008 2:47:00 PM

    It's people like these that destroy the moral fiber of this great country. He stands on his "Military Hero" status and feels the American people owe him the presidency. He's lucky he's not an ex-con!!!! McCain, take a seat....you're all washed up!

  • Patty 10/07/2008 8:24:00 PM

    McCain may say he was innocent, however, if that is true then he is extremely stupid and gullible. These are characteristics of our current Commander-in-Chief. I don't think he IS stupid, I think he is very smart, and very calculating. He is just stupid because he was caught with his hand in the cookie jar full of expensive cookies that were stolen from nice old grandmothers who baked them to give to their grandchildren. But that didn't happen...the grandmothers lost their life savings and their grandkids ended up supporting them instead.

  • Vic 10/06/2008 9:37:00 PM

    Wow - All these scandals around our presidential hopefuls!!! How about Obama and the ACORN scandals - sure would like to hear more about that one and how that org affected the Subprime mortgage bailout!!! What Slimey SOB tried to get the Acorn earmark past the house in the 700 Billion Bail out??

  • Lennette 10/06/2008 8:08:00 PM

    This shows America who's the hypocrites and who's the big timers who doesn't have a clue about struggling. All are just working for satan and I tell you GOD don't like ugly. The real angel shall rise in the end. So you hypocrites keep playing by the devils rules and you will fall in the end. May GOD Bless America and all the other suffering countries like Africa,Haitian(Hattie)and the poor country that's in war with America as we speak. Sad,sad,sad. We need to pray more. MAy God keep us safe,healthy and help all of us to prosper in life not just the rich. Amen.

  • Dennis Busch 10/06/2008 6:54:00 PM

    McCain and Glenn were completed exonerated and that is the in the public record. The democratic special counsel tried to get McCain out of this investigation completely, but he was the only republican so congress wouldn't do it...To "get back" at the dems, the reps kept Glenn in the investigation also... You're reporter doesn't do his homework and probably wasn't around back then to know... Don't believe political hype a few weeks before the election... darnit you are all such sheep in this country!

  • millie 10/06/2008 5:11:00 AM

    Next is Sarah Palin husband who is in that group in Alaska called AIP. The Alaska Papers are talking about it.

  • Dee 10/05/2008 5:49:00 PM

    Don't worry about the polls!!!! Get out and vote!!!!!! Don't wait until the last minute, VOTE EARLY!!!!!

  • ERIC 10/01/2008 8:14:00 AM

    As a resident of Phoenix, I can attest to the foul garbage heap that John McCain left the citizens of Phoenix to clean up after his ignorance to see how helping a CROOK would serve him in the future in a POSITIVE way. John McCain is a CROOK just like Charles Keating was. HE SHOULD AHVE GONE TO PRISON. Unfortunately the devil's own disciple, 'WILLIAM REHNQUIST' was the silent but wicked politician, who was instrumental in getting McCain 'off' and free of jail time. I have seen some of the post from people who don't live in Phoenix, and who have never lived here, or lived in Phoenix----------------- during the 'KEATING FIVE SCANDAL' THIS POST IS FOR YOU! I LIVED HERE! I REMEMBER WHAT HAPPENED! ALONG WITH THE PREVIOUS INCIDENT OF THE HENSLEY FAMILY AND THEIR INVOLMENT WITH THE MURDER OF REPORTER 'DON BOLLES'. I say to all you hicks out there in WEST VIRGINIA.... YOU DON'T KNOW JOHN!-------- AND IF you're one of those poor hillbillies------ John McCain would just as soon as step over your half beaten, half dead body if he came across you at all!

  • Mike Cascketta 09/25/2008 11:00:00 PM

    If the GOP ignorant want to remain abused by their own...let them. My "Utopian" fantasy will be embraced some day by people who don't like to be beat down by their elected officials who don't come back for more. REMEMEBER the words "Stay stupid america, the GOP has more lies to tell and more wars to start."

  • 7734yeah 09/25/2008 4:46:00 AM

    first of all - who is O'BAMA? is he that guy who works closely with american terrorists (ayers), vote fraud machines (ACORN), chicago corruption experts (daley)...? oh, him... second - that's really rich - "That's because progressives are embarrassed when their elected officials take bribes." what about jefferson (let's hide the 100,000 in cash in the freezer"?) the reason why this story doesn't matter is simple - he's innocent. the dem prosecutor said so as well as saying that he seems to have been included because he was a token republican to round out the other four... wake up, people. there is a clear choice - you can vote for your Utopian socialistic vision that sounds nice, but reading your history books DOESN'T EVER WORK - or you can vote for the grown-ups that actually know how to run things.

  • The Game 09/22/2008 1:35:00 AM

    Eh... much ado about nothing. I'm still undecided until I hear the candidates debate. I don't believe anything I read in the press.

  • Deb Mack 09/20/2008 3:53:00 AM

    He is my Senator, however, it took me several e-mails to him to get a response from his office. I wanted to conduct a test of presidential candidates; my concern was: the economy, mortgage crisis, banking crisis, etc. Arizona has the 2nd foreclosure rate in AZ (I am a licensed Realtor) and has been steadily holding that position in the country for approx. 2 years now. I e-mailed H. Clinton, B. O'Bama and my own Senator J. McCain. I received a reply back from the Clinton and O'Bama campaign the same day. I never heard back from McCain relative to our state of economy in AZ and the subprime, foreclosure, pre-foreclosure, REO, short-sale meltdown, et al. After 3 days, I e-mailed him again pleading for a reply on the issues aforementioned. Again, I did not hear from my own Senator, so consequently I sent another e-mail. I did finally receive a one sentence e-mail referencing the fact that he would address this problem and "that was that." WOULD SOMEONE PLEASE E-MAIL THIS ARTICLE TO THE O'BAMA CAMPAIGN? I THINK THIS BEHAVIOR IS SERIOUS BUSINESS AND CAUSE FOR CONCERN; PARTICULARLY IN LIGHT OF THE FACT HE HAS NEGLECTED HIS OWN STATE; FOOD FOR THOUGHT: "IF HE IS UNABLE TO GOVERN AND ADDRESS THE ISSUES OF HIS OWN STATE - ARIZONA - I SHUDDER TO THINK HOW HE MAY (AND LET'S HOPE NOT) GOVERN THE UNITED STATES.

  • Susan Freeman 09/18/2008 12:04:00 AM

    This article should be read by every voter in the United States. It should be on the front page of every newspaper in the U.S. John McCain is a liar, the more he lies the more he believes the lies. This is a total nightmare, The man that couldn't figure out what to use as his basis for his bid for the White House had to steal O'Bama's "CHANGE" mantra McCain has not changed in 26 years. Some one needs to tell him the trickle down effect does not work. This country really needs someone in office that really cares about the people of this country, all of the people not just the ones that can wear 500.00 pairs of shoes and own 11 homes.

  • DKS 09/10/2008 11:23:00 PM

    Even though this happened 20 years ago, it is a testament to the depths McCain will go to save himself and his political career. This subject needs to be revisited so that the younger voters can get the total view of Senator McCain, aside from the neverending POW stories.

  • Roxie 09/08/2008 8:31:00 PM

    WHY hasn't the Keating Five been more in the news. This issue of Mckain being a man of "honor", supporting his country and old fashioned values, when he is only interested in "His" and his rich buddies wallets. He swred alot of people to get where he is today. Wake up, we should never forget this as 911 TRUTH should always remain a topic. Please cast that valuable vote carefully, it can change the course of history .

  • Rey 08/05/2008 5:19:00 PM

    Leftist propaganda? Sorry, four of the Keating Five were Democrats. They are all out of office. That's because progressives are embarrassed when their elected officials take bribes. Evidently, conservatives are proud of theirs, and reelect them, over and over. Why hasn't the media gone after McCain for this? Simple, because he's a good lapdog corporatist, and the corporate media will always minimize a Republican scandal.

  • bavb63 08/05/2008 1:23:00 AM

    If Obama had this in his past, it would be all over. But I guess they are equal because "Obama is Arrogant and Playing the Race Card and Not Patriotic". It must be nice to be able to ignore facts and cling to the fantasy that McCain is not one of "them" On that note, I hope your "leftist crap" fantasy works out for you #9

  • Mike Boles 08/04/2008 4:11:00 PM

    The author of this article is spewing typical leftist crap. Fortunately, there are more intelligent voters in this country than most of these characters realize.

  • Jack Walsh 08/03/2008 10:46:00 PM

    It's surprising that the Keating Five incident has not (yet) become a factor in the Presidential campaign. Maybe it is too early yet. If you're interested in the various ways that members of congress enrich themselves and "sell out" to the special interests, visit my blog at http://web.mac.com/johngwalsh . The next big corruption story will be the Ted Stevens (R) Alaska, big oil "buyout" Stay tuned!

  • jane 08/03/2008 9:16:00 PM

    if this had been Obama closely involved, it would be all over the MSM, now and everyday for weeks. why is there no speaking about this McCain guys judgement?

  • wiseguy 08/03/2008 6:02:00 PM

    you do realize this happend in the 90's, right? i guess this might be one of the reasons "the national media hasn't picked up on this yet"... ;)

  • Charles L 08/03/2008 5:58:00 PM

    They did push McCain on this 20 years ago.

  • Maria 08/03/2008 5:36:00 PM

    I completely agree with the commenter below me. Why hasn't the media brought this up? In all the Time and Newsweek articles that I've read detailing the pasts of our presumptive presidential nominees, not once have I heard the "Keating Five" mentioned for McCain. Way to go, press.

  • Bill 08/03/2008 5:05:00 PM

    "2)why has the national media NOT picked up on this and pushed McCain more to explain himself?" Because this happened almost 20 years ago

  • JIm McDash 08/03/2008 4:18:00 PM

    LOL, its not like anyone with an ounce of common sense is taking "McBush" seriously anyways. JT www.FireMe.To/udi

  • StreetKid 08/03/2008 9:29:00 AM

    I only have two things to say: 1)why am I not surprised? 2)why has the national media NOT picked up on this and pushed McCain more to explain himself?

 
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