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2dogs in D.C.,

07/10/2008 00:15:52

Again,old news. However,fair target if the McCain bunch want to start slinging mud.

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Wally,

By The Rivers Of Babylon (USA) 07/10/2008 02:02:02

I found a small mistake in the article. Of the 5 US Senators called 'Keating 5', McCain was the only republican, the other 4 were Democrats.

Keating deserved to go to jail. McCain was irresponsible in trying to influence the Justice Department on behalf of Keating. Keating was a crook, he got off very light with 4-1/2 years. Lots of businesses and individuals went bankrupt over Charles Keating's fraudulent business deals.

I remember he built the $1 billion dollar project called 'The Phoenician', a fancy resort. He ran up the costs with poor management and extravagant features. I don't know the details, but I think he only paid for maybe half of that project. lots of businesses went bankrupt over that. When the project was going down the final stretch and it was apparent to him that he didn't have the money to pay he still drove the costs up with extravagant changes.

and he fleeced a lot of elderly people of their life savings, telling them lies about the safety of the investment. One little old lady sought him out personally to ask him if it was a safe investment. He told her it was. She lost everything. In court she told this story, then she walked across the court room and punched him with her fist in his chest.

greedy sleaze. this link has all the info you'd ever want on this.

http://www.the-peoples-forum.com/cgi-bin/readart.cgi?ArtNum=5473

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