Word: symington
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Dates: during 1990-1999
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...though Hersh doesn't know which laundry or even whether Johnson had anything on Kennedy at all. His main source? The late Hyman Raskin, a little-known Chicago lawyer and Democratic political operative. In interviews and an unpublished memoir, Raskin says that Kennedy had settled on Missouri Senator Stuart Symington as his running mate until Johnson and Speaker of the House Sam Rayburn pulled him into that mysterious meeting...
...Symington's governorship was tainted almost from its inception. Soon after taking office, he was sued by the Resolution Trust Corporation for his role in directing the failed Southwest Savings & Loan Association in Phoenix. Two years later, Symington, who had campaigned as a successful business mogul, declared himself broke. Despite his troubles, he won re-election in 1994. But the litany of scandal never stopped. In 1995, after a court ruled that Symington was personally liable for a $10 million loan from six pension funds to his now defunct real estate company, he declared personal bankruptcy. Then last year...
...prosecution witnesses and 1,400 documents were enough for the jury last week to find him guilty. Assistant U.S. Attorney David Schindler called Symington a classic con man, who falsely inflated his net worth when he wanted to borrow and pleaded poverty when he wanted to refinance a loan on more favorable terms. Between 1989 and 1991, for instance, his declared net worth swung between $12 million and minus $23 million...
...Symington, who will be sentenced in November, said he would appeal, but he appeared contrite. "Every once in a while there is salvation in surrender," he tearfully told supporters before stepping down...
...Symington will be succeeded this week by Secretary of State Jane Hull, a 15-year Republican veteran of the state legislature--who has never sold either cars or real estate...