The Keating Five were investigated by the Senate Ethics Committee. The Committees work, however, was made difficult because at the time there was no specific rule governing the propriety of members intervening with federal regulators. During the investigation, McCain said, I have done this kind of thing [intervene] many, many times, and said the Lincoln case was like helping the little lady who didnt get her Social Security. In 1991, after a lengthy investigation, the committee cleared McCain of impropriety but said he had exercised poor judgment. Some of the committee members were concerned that letting the senators off lightly would harm their own reputations. Nevertheless, the existing Senate rules did not specifically proscribe the actions taken by DeConcini, Riegle, Glenn, and McCain. After the finding, McCain admitted his poor judgment and would write in 2002 that attending the two April 1987 meetings with Keating was the worst mistake of my life.
So what? People talk about the Keating Five like McCain was a scumbag backroom dealer, and it’s pretty much a nothingburger. Moreover, my point that it was a Dem-run railroading remains absolutely, positively ironclad. The fact that the guy shows some all-too-rare humility about it is a plus, not an indictment.
So, you can keep doing the work of the Dems, or you can focus on McCain’s real faults. And one wonders if you’ll be posting about Hayworth and Abramov in a few years as if it’s the worst thing a congresscritter ever did...