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HANK1 |
10/31/06 |
John McCain comes across as being the guardian angel for the American people. I had a sizeable CD in the Lincoln Savings & Loan Assn. in 1989. Check this:
"In 1989, the Lincoln Savings and Loan Association of Irvine, Calif., collapsed. Lincoln's chairman, Charles H. Keating Jr., was faulted for the thrift's failure. Keating, however, told the House Banking Committee that the FHLBB and its former chief Edwin J. Gray were pursuing a vendetta against him. Gray testified that several U.S. senators had approached him and requested that he ease off on the Lincoln investigation. It came out that these senators had been beneficiaries of $1.3 million (collective total) in campaign contributions from Keating.
This allegation set off a series of investigations by the California government, the United States Department of Justice, and the Senate Ethics Committee. The ethics committee's investigation focused on five senators: Alan MacG. Cranston (D-Calif.); Dennis W. DeConcini (D-Ariz.); JOHN H. GLENN JR. (D-Ohio); JOHN S. McCAIN III (R-Ariz.); and Donald W. Riegle Jr. (D-Mich), who became known as the Keating Five."
Source: Wikepedia
I was able to recover and secure my principle because I didn't have an identure! Many retirees in Arizona and elsewhere really to it on the chin! Keating was sentenced to spend some time in the slammer. Ain't that a HOOT?
Any comments?
HANK |
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