McCain’s Role in Savings & Loan Scandal…

During the 2000 Republican Presidential Primaries, Slate.com writer Chris Suellentrop wrote an excellent in-depth feature article about John McCain and his role in the Keating Five. This is a must read article for every American, especially for anyone who thinks John McCainis a hero.

Two Important things to know before you read the article:

1. John McCain admitted to intentionally filing false income tax returns to defraud the IRS by not claiming thousands of dollars in gifts McCain and his family received from Charles Keating and Keating’s company. Years later, when the IRS noticed Keating’s company had written off the gifts to McCain as business expenses, McCain fessed up and admitted filing false returns and made a “donation” to the U.S. Treasury to cover the amount he defrauded American tax payers. (Committing tax fraud is one of the least offensive things John McCain has done over his career, but this article just focuses on his role in the Keating Five, and the Lincoln Savings and Loan scandal of the late 1980’s-early 1990’s). McCain also leaked information about the Keating Five to the press multiple times in an effort to appear above the other Senators in the scandal. A 1989 Phoenix New Times article summed it up best with their title - McCain: The Most Reprehensible of the Keating Five…….read rest of story..