Word: deconcini
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...asked for help from the five Senators, all beneficiaries of direct and indirect contributions from him: Arizona Democrat Dennis DeConcini (who had received $55,000), Arizona Republican John McCain ($125,433), Ohio Democrat John Glenn ($234,000), California Democrat Alan Cranston ($897,000) and Michigan Democrat Donald Riegle, chairman of the Senate Banking Committee ($76,100). In addition, according to the Arizona Republic, DeConcini's top aides received more than $50 million in real estate loans. Keating also gave McCain and his wife trips, including vacations in the Bahamas valued at $13,400, which McCain paid for after they became...
Four of the five Senators met for an hour with FHLBB head Edwin Gray on April 2, 1987. In a letter written to McCain last May, Gray referred to this unprecedented intervention as "tantamount to an attempt to subvert the regulatory process," and subsequently branded DeConcini a "consummate liar" for not admitting that he attempted to cut a deal for Keating. His charge was buttressed when the Arizona Republic published a confidential memo prepared by DeConcini's staff for the meeting listing Keating's bargaining positions...
...April 9, 1987, all five Senators met with bank examiners summoned from San Francisco to DeConcini's office. DeConcini is quoted in notes from the meeting telling the examiners that "actions of yours could injure a constituent." Glenn said, "To be blunt, you should charge them or get off their backs." Riegle asked, "Where are the losses?" The federal banking agents pointed out that Lincoln was "flying blind on all of their different loans and investments," that there was no underwriting on most loans, that the bank's practices "violated the law, regulations and common sense" and that...
...What's wrong with this," DeConcini demanded, "if they're willing to clean up their act?" Replied the agent: "This is a ticking time bomb...
Democratic Senator Dennis DeConcini and Republicans Jesse Helms, Alfonse D'Amato and Pete Wilson urged George Bush and Baker to name Von Raab drug czar or at least reward him with an ambassadorship. They were rebuffed. But Von Raab's highly public parting shots may soon give Bush reason to wish he had kept his audacious Customs commissioner inside the tent...