Keating-Five

Keating Five Ethics Findings: Cranston Reprimanded, Systemic Corruption Exposed

1991-11-20 00:00:00 +0000 UTC | Importance: 8/10

The Senate Ethics Committee concludes its Keating Five investigation with formal reprimands and rebukes, documenting systematic corruption where five senators traded regulatory intervention for $1.5 million in campaign contributions from Charles Keating. Senator Alan Cranston (D-CA) receives the …

Alan Cranston Dennis DeConcini Donald Riegle John Glenn John McCain +2 more keating-five senate-ethics corruption campaign-contributions regulatory-capture

Lincoln Savings Seized: $2.3 Billion Loss Exposes Keating Fraud Network

1989-04-14 00:00:00 +0000 UTC | Importance: 9/10

Federal regulators seize Lincoln Savings and Loan, ending Charles Keating’s systematic fraud scheme that ultimately costs taxpayers $2.3 billion—one of the costliest S&L failures in American history. The seizure comes after years of regulatory delays caused by political interference from …

Charles Keating Federal Home Loan Bank Board Resolution Trust Corporation Lincoln Savings and Loan Keating Five Senators charles-keating lincoln-savings s&l-crisis fraud seizure +1 more

Lincoln Savings Collapse: $3.4 Billion Taxpayer Bailout

1989-04-14 00:00:00 +0000 UTC | Importance: 9/10

Lincoln Savings and Loan collapses the day after its parent company American Continental Corporation files bankruptcy, requiring a $3.4 billion federal bailout and leaving 23,000 mostly elderly investors with worthless bonds. The failure represents the largest single cost in the S&L crisis and …

Lincoln Savings and Loan American Continental Corporation Charles Keating Federal Deposit Insurance Corporation Resolution Trust Corporation +1 more lincoln-savings-collapse s&l-crisis keating-five taxpayer-bailout systematic-corruption +1 more

Keating Five Senators Pressure FHLBB to Halt Lincoln Investigation

1987-04-01 00:00:00 +0000 UTC | Importance: 9/10

Five U.S. Senators—Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald Riegle (D-MI)—meet with Federal Home Loan Bank Board officials to pressure them to halt regulatory investigation of Charles Keating’s Lincoln Savings and Loan. The senators had …

Alan Cranston (D-CA) Dennis DeConcini (D-AZ) John Glenn (D-OH) John McCain (R-AZ) Donald Riegle (D-MI) +3 more keating-five regulatory-capture campaign-contributions lincoln-savings systematic-corruption +1 more

Charles Keating Purchases Lincoln S&L: Systematic Fraud Network

1984-02-01 00:00:00 +0000 UTC | Importance: 8/10

Charles Keating, through American Continental Corporation, purchases Lincoln Savings and Loan for $51 million. Exploiting the deregulated environment created by Garn-St Germain, Keating rapidly expands Lincoln’s assets from $1.1 billion to $5.5 billion over four years through high-risk real …

Charles Keating American Continental Corporation Lincoln Savings and Loan Keating Five Senators Federal Home Loan Bank Board charles-keating lincoln-savings fraud keating-five regulatory-capture +1 more