10.06.08 -- 2:30PM By Josh Marshall
McCain Camp: Keating Five
Didn't Really Happen.
Late Update: Unfortunately for McCain, we're living in the
Google era.
In a conference call with reporters, attorney John Dowd was asked about a specific part of the Keating Five inquiry, the fact that Cindy McCain and her father had invested in a Keating strip mall.
"It was part of the inquiry, but it did not -- John was unconnected to that and unaware of it at the time, and did not participate in it," Dowd said.
But thanks to the quick research skills of Democratic partisans, here's John McCain's answer to an attorney who asked him about that very investment during the ethics committee hearings in 1991.
"Sometime in 1986, I was told by Mr. Delgado, who was Executive Vice President of my father-in-law's company, that they were going to invest in a shopping center and that the investment -- the project -- was being put together by a subsidiary of American Continental," McCain said. "He later told me that they -- that that had happened. And I had no interest in it and just noted in passing that this investment took place."
The attorney asking the question during the hearing? John Dowd.
linkFriggin liars!
LOS ANGELES — Former Lincoln Savings & Loan chief Charles Keating Jr. pleaded guilty Tuesday to four counts of fraud in a deal with prosecutors that allows him to go free, bringing a close to a case that epitomized the S&L scandal of the 1980s.
<...>
As part of the deal, Mr. Keating submitted a financial statement verifying he had no financial resources in the United States or overseas that would enable him to pay $1 million in fines called for in the four counts involved.
Without the plea agreement, Mr. Keating faced a maximum sentence of 20 years in prison followed by three years of supervised release, plus the fines and possible restitution to victims.
Mr. Keating had served nearly five years in prison before the federal conviction was overturned on grounds some jurors had learned of his earlier conviction in state court and discussed it in the jury room. Despite finding that the jury had based its verdict on the courtroom evidence, Judge Pfaelzer ruled that jurors' exposure to outside information denied Mr. Keating a fair trial.
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