Topic: The Keating Five Legacy
Dragoness's photo
Wed 04/23/08 03:56 PM
http://www.ourfuture.org/progressive-opinion/keating-five-legacy

The Keating Five Legacy
By William K. Black
The Campaign for America's Future

Wednesday 09 April 2008

"William K. Black is Associate Professor of Law and Economics at the University of Missouri, Kansas City. He was counsel to the Federal Home Loan Bank Board during the savings and loan crisis of the 1980s and was a whistleblower in the Keating Five scandal. His book on the crisis is "The Best Way to Rob a Bank Is to Own One."
Twenty-one years ago today five U.S. senators met with federal savings and loan regulators at the request of Charles Keating, who controlled Lincoln Savings and Loan. They became known as the "Keating Five"—Alan Cranston, D-Calif., Dennis DeConcini, D-Ariz., John Glenn, D-Ohio, John McCain, R-Ariz., and Donald Riegle, D-Mich. The Keating Five meeting was the event that transformed the S&L debacle from a story buried in the business section to one of the worst financial and political scandals in U.S. history (though the current financial crises have proven even worse).

I guess they all have to have some sordid past..huh??noway huh




MirrorMirror's photo
Wed 04/23/08 03:57 PM
glasses glasses glasses

no photo
Wed 04/23/08 04:10 PM
Sure is funny how this hasn't come up much in the Presidential race. devil

docburneraz's photo
Wed 04/23/08 04:11 PM

Sure is funny how this hasn't come up much in the Presidential race. devil
Not even here in AZlaugh

docburneraz's photo
Wed 04/23/08 04:12 PM


Sure is funny how this hasn't come up much in the Presidential race. devil
Not even here in AZlaugh
As I was. Arizona is gone. This is the Peoples Republic of New Angelesgrumble

no photo
Wed 04/23/08 04:15 PM



Sure is funny how this hasn't come up much in the Presidential race. devil
Not even here in AZlaugh
As I was. Arizona is gone. This is the Peoples Republic of New Angelesgrumble


I am native of Phoenix....AZ has sure changed! devil