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Keating Firm Raises $50K for McCain

Here’s something that slipped under the radar yesterday.

According to the Center for Responsive Politics, a non-partisan organization that tracks money in elections, employees of a law firm founded by Charles Keating Jr. have bundled more than $50,000 in contributions to Sen. John McCain’s presidential campaign.

Charles Keating

Charles Keating

In amounts ranging from $200 to $2,300, about 30 partners and employees of the legal firm Keating, Muething and Klekamp, as well as their family members, have contributed $50,200 to McCain’s 2008 campaign. All but two of the contributions came in July, and all but three of those July donations were logged on July 31, suggesting they were delivered at the same time. As with any bundle of campaign contributions, it’s difficult to determine which donor was the “bundler,” the person who solicited the contributions on the campaign’s behalf. McCain’s online roster of bundlers, which purports to name any individual bundling $50,000 or more for the campaign, does not associate any of McCain’s major fund-raisers with the Keating firm.

McCain and Keating were forever linked by the “Keating Five” corruption scandal during the savings and loan crisis of the late 1980s. McCain and four other lawmakers were accused of improperly interfering with federal banking regulators investigating Keating’s Lincoln Savings and Loan Assn., which ultimately failed — costing the federal government and investors billions of dollars. Keating spent more than four years in prison as a result.

Read the whole story here.

October 31, 2008 - Posted by | Politics | , , , ,

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