<![CDATA[20 Years Later: Another McCain At Center Of A Bank Collapse and Government Take-Over?]]>

1.0 link 115380 <![CDATA[20 Years Later: Another McCain At Center Of A Bank Collapse and Government Take-Over?]]> http://www.huffingtonpost.com/mark-nickolas/20-years-later-another-mc_b_115380.html Almost exactly 20 years ago -- in the middle of the saving and loan crisis -- federal regulators seized Lincoln Savings and Loan Association of Irvine, California. The takeover took place more than a year after five United States senators had tried to hold-off a government investigation by the Federal Home Loan Bank Board into Lincoln's risky loan practices regarding home loans.

Those five senators included Sen. John McCain (R-AZ) and the chairman of Lincoln was Charles Keating -- who was...

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