From 1981âthe year before John McCain ran for U.S. Congressâuntil the early 1990s, the former Navy pilot was totally beholden to junk bond swindler Charles Keating for his political fortunes. When the S&L scandal exploded and Federal prosecutors were breathing down Keating's neck, it was McCain who tried to bully Federal regulators into backing off. While the affair became known as the "Keating Five" scandal, none of the other members of the Senate and House implicated in the ethics violations, were as closely tied to Keating as John McCain.
