(Washington D.C.) Ucs News– Charles Keating says he and his Five favorite Senators are plotting a reunion tour, with Arizona Senator John McCain set to play his part. The failed banker and convicted criminal said that “sometime in 2008,” fans can expect a full scale reunion of the group that scored big in the 1990’s with a major corruption case involving savings and loan bank crisis.
McCain’s Presidential campaign aside, the Keating Five want to get back to touring and making new banking regulations in favor of their friends, according to retired Senator Dennis Deconcini. He says he and his “brothers”, including John MCcain, will mount a reunion tour “sometime in 2008.”
Charles Keating, who was the ring leader of the combo in the early days until Alan Cranston took over, added that McCain has been active in the reunion plans. “He was at the meetings. John will be involved.” “He has to be,” he said. “He is a Keating Five.”
Keating said the group, which at its peak featured The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), Donald W. Riegle (D-MI), had curbed earlier plans to reunite because of McCains failed Presidential bid in 2000.
The famed group’s real fame came in after a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Keating said the group believes it has an obligation to reform. “We feel we have to do it one more time. We owe that to the fans and to the public.”
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board.