patrick jane forums

Between the 1950s and the 1970s, the Geneva-based Baron Edmund de Rothschild had bankrolled the careers of Max Fisher (of the Purple Gang); pyramid swindler Bernie Cornfeld (of IOS); money launderer Robert Vesco; and hedge fund pirate George Soros.

In 1959, Carl Lindner and Charles Keating co-founded American Financial Corporation (AFC); they remained business partners until the late 1980s. Lindner would become one of the central figures in the $200 billion S&L rip-off.
In 1975, Lindner's AFC allied with Detroit financier Max Fisher; Detroit real estate developer Alfred Taubman; and Paul and Seymour Milstein, to grab a 50% controlling interest in the United Fruit Company.
By 1977, Lindner owned 40% of Saul Steinberg's Reliance Insurance Company. Steinberg had started his career working with Britain's Lord Jacob Rothschild. Lindner later had extensive dealings with Kenneth Bialkin, longtime Chairman of the ADL.

In 1979, Charles Keating moved to Arizona. In 1981, he was introduced to former Navy pilot John McCain, and began bankrolling McCain's political career together with McCain's new father-in-law - mob-associated beer distributor Jim Hensley.
From 1981 until the early 1990s, McCain was totally owned by junk bond swindler Keating. From August 1984 to August 1986, the McCains made at least 9 trips at Keating's expense aboard planes of Keating's American Continental Corporation or Resorts International (of Meyer Lansky).
In 1986, at least 45 individual contributions of $1,000 to McCain’s bid for Senate came from persons inside the Keating organisation. In April 1986, Jim Hensley and his daughter, McCain's wife Cindy, became the main owners in a Keating-run shopping center by investing $359,100.

In 1983, Keating bought the California-based Lincoln Savings and Loan, which had $2.2 billion in deposits. In February 1984, Keating had taken formal ownership of Lincoln Savings. Billions of dollars were now flowing out of and through Lincoln and Keating, to Lindner and his co-conspirators at Drexel Burnham.
Over $134 million also went to Keating's partner, “Sir” James Goldsmith, who alongside Carl Lindner's United Fruit Company supported the drug-trafficking Contras.
On 31 January 1985, Ed Gray got the Bank Board to roll back the limit on speculative non-home-mortgage investments by S&Ls to 10% of their assets. Keating subsequently falsified records to make speculations look like permitted loans.

On 4 November 1986, John McCain was elected to the Senate. Three days later, President Reagan appointed Keating's agent and McCain's backer Lee J. Henkel to the Federal Home Loan Bank Board (FHLBB).
On 18 December 1986, at his first Board meeting, Henkel proposed a plan to raise the speculation limit for Lincoln Savings bank alone. On the same day, Keating's Arizona firm transferred $3.7 million to Henkel's blind trust. Henkel withdrew $250,000 in cash the very next day.
In March 1987, Keating asked “his” politicians (including McCain) for political help to keep the regulators off Lincoln Savings.
On 2 April 1987, FHLBB Chairman Ed Gray met new Senator McCain. A couple of days later, Lee Henkel resigned from the FHLBB after his ties to Keating had been made public.

By 1987, Lincoln's deposits had soared to $4.2 billion — largely through short-term deposits, placed by large institutions like pension funds and insurance companies. Prior to Garn-St Germain, signed into law by President Reagan on 15 October 1982, S&Ls could only hold 5% of these deposits. Garn-St Germain had lifted all restrictions.
By the time the bottom fell out of Milken’s “Ponzi” scheme, Keating alone had placed $250 million in now-worthless junk bonds to 20,000 Lincoln customers; thousands of elderly were stripped of their savings.
The total cost of the Lincoln bailout was $2.2 to 3 billion in taxpayers' money. According to FEC records, at least $110,000 of that money went directly to John McCain.

Charles Keating was sentenced to 10 years in prison for fraud, and served 5.
On 29 September 1989, a reporter asked John McCain about his ties to Keating, to which he replied:

You're a liar.... That's the spouse's involvement, you idiot. You do understand English, don't you?

http://www.larouchepub.com/other/2002/2932mccain.html
(archived here: http://archive.is/r9W3x)