Saturday, September 6, 2008

McCain's Son on Board of Directors of Failed Bank

Silver State Bank of Nevada became insolvent and was taken over by the federal government. Presidential hopeful, John McCain's son served on the Board of Directors of the failed institution. At least Rick Sanchez from CNN just reported that news.

Research shows Andrew resigned from the board in late July. He was likely aware of the bank's financial quagmire and hoped to avoid dragging his father into yet another Western banking scandal. Dad had Charles Keating of Lincoln Savings & Loan. The son governed Silver State Bank of Nevada, even heading up its audit committee.

Run, McCain, run!