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McCain Probed Over Traveling to Keating Spa Thrifts: The senator becomes testy when asked to explain a three-year delay in repaying $13,000 in costs to Lincoln S&L for trips to the Bahamas.
[Home Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: Rosenblatt, Robert A; Fritz, Sara
Date: Jan 5, 1991
Start Page: 2
Section: PART-A; National Desk
Abstract (Document Summary)

"It comes down to whether you did know," said Committee Chairman Howell Heflin (D-Ala.), who asked a detailed list of questions about trips involving [John McCain], his wife, Cindy, their daughter, Meghan, and a baby sitter. The Ethics Committee is investigating whether McCain and four other senators, including Alan Cranston (D-Calif.), intervened improperly with federal regulators on behalf of Lincoln S&L, which [Charles H. Keating Jr.] controlled.

Committee special counsel Robert S. Bennett had recommended last October that the complaints against both [John Glenn] and McCain be dropped. But the committee declined to follow the suggestion, and sources said the Democratic members were reluctant to clear McCain-the only Republican among the five-prior to the November election. McCain's attorney, John M. Dowd, said in an interview Friday that Heflin's intense questioning of McCain reflected the partisan nature of the inquiry.

Keating wanted McCain to try to persuade regulators to withdraw a rule restricting risky investments by Lincoln. In return, Lincoln would have increased its lending for home mortgages. McCain refused to offer Keating's plan in meetings with S&L regulators. But the proposal was offered by Arizona's other senator, Democrat Dennis DeConcini.

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