Unformatted text preview: 1.6 billion dollars in debt He gave millions to political campaigns so those senators helped him in return By 1987, it was 2.6 billion John McCain was one of the senators The Keating Five were five United States Senators accused of corruption in 1989. They were accused of intervening of the behalf of Keating, which cost the federal government $3 billion. The SIGNIFICANCE is that it illustrates the impact of private interest over public policy – BAD!...
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- Spring '09
- John McCain, Charles Keating, Keating Five, United States Senators, neutral Texas legislature, loan bank ward