John McCain's son Andrew was a director of the failed bank taken over by the FDIC on Friday.
Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
The younger McCain, who is the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman, is the Arizona senator's adopted son from his first marriage.
Those of you who know your McCain history will realise that this smacks of the same McCain of the Keating Five who cost the taxpayers $3.4 billion in the 1980s.
In How To Buy John McCain, blogger Peter Cohan provides a run down of dodgy real estate deals that have profited McCain over the years at the cost of his interventions in legislation or regulation.
It will be interesting investigating any links between John McCain and his son Andrew's companies, including Silver State Bank.