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Keating Five
The Keating Five are the five U.S. Senators implicated as cooperating with Charles Keating, a savings and loan banker who was convicted of fraud, conspiracy and racketeering following a scandal in the late 1980s. The senators were Alan... [more]
The Keating Five are the five U.S. Senators implicated as cooperating with Charles Keating, a savings and loan banker who was convicted of fraud, conspiracy and racketeering following a scandal in the late 1980s. The senators were Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI.
This brief video story was produced by the Barack Obama campaign as an effort to discredit Obama's opponent, John McCain. The video details the investigation into Charles Keating and the five senators he supposedly bribed, including John McCain. More from the Washington Post:
"McCain was ultimately exonerated by the Ethics Committee, which did fault him for exercising poor judgment in attending two meetings with federal regulators about their case against Keating, a once high-flying savings and loans owner who contributed $112,000 to McCain campaigns (as well as making gifts that were not found to be illegal). The collapse of Keating's thrift ultimately cost taxpayers billions, and Obama's campaign mounted a full-scale assault today on McCain's involvement, with an ad and short web documentary questioning his judgment."
Aria Wallace 40 Day Challenge is Over. Posted by deko and posh at 6:59 AM ... Aria Wallace. Aria Wallace Click on image for Bio. Ashlee Keating. Ashlee Keating Click on image for Bio ... Aria Wallace. Aria Wallace BFF Shirt. Amber Lily ...
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Being the only Airman assigned to an Army Combat Outpost on the outskirts of Afghanistan-Pakistan border can be a little intimidating and scary.
Being assigned to COP Keating while under attack by hundreds of insurgents armed with assault rifles and rocket propelled grenades is absolutely frightening, and exactly where Staff Sgt. Matthew McMurtrey found himself on the morning of Oct. 3.
Sergeant McMurtrey is an Airman from the 755th Air...
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From af.mil
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Representatives of The American Legion, Target Corp., and Computer Science Corp. met in northern Virginia Oct. 29 for the final U.S. leg of a nationwide drive to put smiles on the faces of 56 soldiers who were forced to destroy all their possessions when enemy insurgents attacked them in Afghanistan.
"This is extraordinary," said Assistant Deputy Secretary of Defense Gary J. Mostek, as DVDs, video games, laptop computers, cameras, memory...
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From ourvoice.legion.org
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In an effort to improve its position in the marketplace, increase productivity and grow the business overall, Sonoco (NYSE: SON), one of the largest diversified global packaging companies, is combining its Trident and Keating businesses into a single operating unit within its Flexible Packaging division.Trident, which employs approximately 250 people and has been a part of Sonoco for 13 years, offers customers world-class packaging pre-press...
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From ad-hoc-news.de
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HARTSVILLE, S.C.--(BUSINESS WIRE)--In an effort to improve its position in the marketplace, increase productivity and grow the business overall, Sonoco (NYSE: SON), one of the largest diversified global packaging companies, is combining its Trident and Keating businesses into a single operating unit within its Flexible Packaging division. Trident, which employs approximately 250 people and has been a part of Sonoco for 13 years, offers...
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From businesswire.com
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Defense Secretary Robert M. Gates and Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, presided over a change-of-command ceremony here Oct. 19 as Navy Adm. Timothy J. Keating passed the U.S. Pacific Command helm to Navy Adm. Robert F. Willard.
Admiral Willard assumed command of the 250,000-member command that includes all military forces in the Asia-Pacific region during a ceremony at PaCom headquarters, high on a hillside...
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From af.mil
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British supercar manufacturer and challenger for the production car world land speed record, Keating, will have its 260.1mph TKR supercar on display at this year’s MPH Show featuring Top Gear Live at London’s Earls Court on 5 November. In the ...
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From search.live.com
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The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
Lincoln Savings and Loan collapsed in 1989, at a cost of $2 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many elderly investors lost their life savings. The substantial political contributions that Keating had made to each of the senators, totalling $1.3 million, attracted considerable public and media attention. After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings, with Cranston receiving a formal reprimand. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".
All five of the senators involved served out their terms. Only Glenn and McCain ran for re-election, and they both succeeded. McCain would go on to become the Republican nominee for president in 2008.
Source: Wikipedia
