Senate Ethics Committee Opens Keating Five Investigation

| Importance: 9/10

The Senate Ethics Committee launched an investigation into five senators (McCain, Glenn, Cranston, Riegle, and DeConcini) for their improper intervention with federal regulators on behalf of Charles Keating’s Lincoln Savings and Loan Association. The investigation was initiated after Keating’s $1.3 million in political contributions raised significant ethical concerns.

Key Actors

John McCain John Glenn Alan Cranston Donald Riegle Dennis DeConcini Charles Keating

Tags

political-corruption banking-scandal senate-ethics campaign-finance regulatory-capture

Sources (3)

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