McCain Pushed Regulators For Land Swap, Despite Pledge

11/27/2008 05:12 am ET | Updated May 25, 2011
  • McClatchy Newspapers

WASHINGTON -- Years after he resurrected his political fortunes from the Keating Five savings and loan investigation, John McCain promoted an Arizona land swap that would've benefited a former mentor and partner of the scandal's central figure.

The owners of the Spur Cross Ranch, a dramatic 2,154-acre tract of Sonoran desert just north of Phoenix, in the late 1990s sought to sell it to a developer who planned to build a premier golf course surrounded by 390 luxury homes.

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