Mr Gently Benevolent
09-08-2008, 01:18 AM
Republican red faces as regulators close bank
By Andrew Ward in Washington and Joanna Chung in New York
Published: September 8 2008 03:11 | Last updated: September 8 2008 03:11
A bank with ties to the family of John McCain was shut down by federal regulators on Friday, marking the 11th US bank failure this year and threatening to cause ripples across the presidential election campaign.
Andrew McCain, son of the Republican presidential nominee, was a director of Nevada-based Silver State Bank until resigning in July for “personal reasons”.No real big deal but given Snr McCain was involved in the Keating Five scandal and the media focus on siblings of Palin and McCain it might just occupy the rags for a bit.
http://www.ft.com/cms/s/0/03409c8c-7d46-11dd-8d59-000077b07658.html
By Andrew Ward in Washington and Joanna Chung in New York
Published: September 8 2008 03:11 | Last updated: September 8 2008 03:11
A bank with ties to the family of John McCain was shut down by federal regulators on Friday, marking the 11th US bank failure this year and threatening to cause ripples across the presidential election campaign.
Andrew McCain, son of the Republican presidential nominee, was a director of Nevada-based Silver State Bank until resigning in July for “personal reasons”.No real big deal but given Snr McCain was involved in the Keating Five scandal and the media focus on siblings of Palin and McCain it might just occupy the rags for a bit.
http://www.ft.com/cms/s/0/03409c8c-7d46-11dd-8d59-000077b07658.html