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Topic: Keating Five


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In the News (Mon 4 Jun 12)

  
  Keating Five - Wikipedia, the free encyclopedia
The Keating Five (or Keating Five Scandal) refers to a Congressional scandal related to the collapse of most of the Savings and Loan institutions in the United States in the late 1980s.
Keating, however, told the House Banking Committee that the FHLBB and its former chief Edwin J. Gray were pursuing a vendetta against him.
The ethics committee's investigation focused on five senators: Alan MacG.
en.wikipedia.org /wiki/Keating_Five   (646 words)

  
 keat0116   (Site not responding. Last check: 2007-11-04)
Keating, formerly of Cincinnati, was released from prison in 1996 with less than a year left on his state convictions before becoming eligible for parole, and about seven years left on his federal sentence.
Keating's lawyer said he would appeal to authorities' ''sense of fairness and sense of order'' to let Keating remain free until his appeal is resolved.
Keating was known for huge salaries, a high-flying lifestyle and political influence that tarred the reputation of the ''Keating Five'' in the U.S. Senate.
www.cincypost.com /news/1998/keat011698.html   (399 words)

  
 Mark R. Levin on NRO
McCain was one of the so-called "Keating Five" senators.
Keating, his associates, and his friends contributed $56,000 for Senator McCain's two House races in 1982 and 1984, and $54,000 for his 1986 Senate race.
Keating also provided his corporate plane and/or arranged for payment for the use of commercial or private aircraft on several occasions for travel by Senator McCain and his family, for which Senator McCain ultimately provided reimbursement when called upon to do so.
www.nationalreview.com /contributors/levin040501.shtml   (652 words)

  
 Public Interest Guide to Redistricting
Keating is being sued not as an individual but only in his official capacity as governor, the lawsuit said.
Keating said the GOP map "provides all of the necessary components that the delegation and I both feel are vital to a clean, equitable plan.
Keating said the change is necessary because of the loss of 32,854 residents in southwestern Oklahoma from 1990 to 2000.
www.fairvote.org /redistricting/reports/remanual/oknews2.htm   (9774 words)

  
 DJC.COM: FEDERAL JUDGE OVERTURNS CHARLES KEATING CONVICTION, CITES ITO\ ERRORS, provided by Seattle Daily Journal of ...
Keating was the most notorious figure of the 1980s S&L debacle, known for political influence that tarred the reputation of the "Keating Five" senators and for selling junk bonds that became worthless to elderly investors who previously had owned insured CDs.
The lead Keating prosecutor, William Hodgman, like Ito, was later involved in the most disastrous of those losses, the acquittal of O.J. Simpson on charges of murdering his wife Nicole and her friend Ronald Goldman.
Keating was sentenced to 10 years in prison for his role in selling risky bonds in his parent company, Phoenix-based American Continental Corp., to investors in Irvine-based Lincoln.
www.djc.com /news/business/10008461.html   (392 words)

  
 Printer friendly version
Keating was the first national champion in any sport at the University of Cincinnati, for the 200-yard butterfly in 1946.
Keating, 82 now, wants his friends to hear his side - how the feds took everything, counted his china and silver, seized his house and businesses, threw him in prison and denied him bail, calling him a threat to society.
Keating finally pleaded guilty to two counts of bankruptcy fraud, for giving improper bonuses to family members, and was fined $200 and sentenced to time served.
www.tucsoncitizen.com /print/opinion/030606b5_keating   (1457 words)

  
 The Consortium
In the presidential campaign, McCain had confided that his intervention with bank regulators on Keating's behalf was the worst mistake of his adult life, one that caused him as much anguish as spending five years in a North Vietnamese prisoner-of-war camp.
The Keating Five came under a damaging ethics investigation, with McCain and Glenn drawing the lightest reprimands, only a finding that they had shown poor judgment.
Keating also was generous with campaign support for McCain, giving the senator $112,000, still McCain's all-time highest contributor, according to the Center for Public Integrity -- money that McCain later paid back to the U.S. Treasury.
www.consortiumnews.com /2000/012900b.html   (1182 words)

  
 Mother Teresa in Theory and Practice
Keating is now serving a ten-year sentence for his part in the Savings and Loan scandal -- undoubtedly one of the greatest frauds in American history.
Keating has done each to help the poor, which is why I am writing to you on his behalf.
Keating failed to admit his sins and his crimes, he persists in self-righteously blaming others for his own misdeeds.
www.positiveatheism.org /writ/mother.htm   (1480 words)

  
 Charles Keating - Wikipedia, the free encyclopedia
Keating was also instrumental in the ineffective obscenity prosecution of pornographer Larry Flynt in 1976 in Cincinnati.
In September 1990, Keating was criminally charged with having duped Lincoln's customers into buying worthless junk bonds of American Continental Corporation; he was convicted in state court in 1992 of fraud, racketeering, and conspiracy and received a 10 year prison sentence.
In the 1980s, Keating had donated some $1,250,000 to Mother Teresa; during his state trial, she wrote a letter on his behalf to presiding Judge Lance Ito, saying that she was not informed about his business but she knew him as a man who was generous toward the poor.
en.wikipedia.org /wiki/Charles_Keating   (1301 words)

  
 Keating K Biography Reference
The six other 2006 Keating finalists were: Brian Janosch and Michael Sanserino of IU; Elizabeth K. Cunningham of Ball State; Brent Forgues of Purdue; Rochelle...
DeConcini, who took $85K from Keating and pals, realizes his involvement was a boo-boo, but lamely claims he was just trying to help one of the Zona's then...
Keating supports an increase in funding to provide grants and loans to students...
www.iaswww.com /ODP/Reference/Biography/K/Keating   (281 words)

  
 The Scoop on McCain's Keating Five Hypocrisy (my title) [Free Republic]
Keating is so rich and powerful that he takes command, not only of McCain but also of the state's senior senator, Dennis DeConcini.
There is a dramatic meeting with Keating who tells McCain that all he has to do is keep his mouth shut and no one will ever be the wiser.
Keating tells McCain there is nothing to fear and the ambitious senator is convinced.
www.freerepublic.com /forum/a3898b29e0ae1.htm   (1781 words)

  
 Jamaica Gleaner - Ja duo wreck Guyana - Saturday | August 26, 2000
JAMAICAN spinners Phillip Keating and O'dean Brown shared nine Guyana wickets to virtually assure their side of a place in the final of the West Indies Under-19 cricket competition yesterday.
Left-arm spinner Keating captured five for 62 and leg-spinner Brown, four for 36, as Guyana - chasing the 250 made by Jamaica in their first innings - crumbled for 153 at the Uitvlugt Community Centre ground.
Chattergoon (1) was then bowled by a Keating arm-ball before Ramdass, who was dropped by Lawson at mid-off off Brown when 24 from a cross batted slog, repeated the shot off the same bowler and was safely taken by Parchment at slip.
www.jamaica-gleaner.com /gleaner/20000826/sports/sports1.html   (494 words)

  
 The Moral Quandaries of a Government Whistleblower
Keating had told George Gould, the Treasury official who took the lead for the Administration on the FSLIC Recap bill, that he could influence the vote of five Senators who could be very important to the bill's fate.
Keating said he had talked with a staffer who was present when Gray had purportedly made this comment and was told Gray never made such a comment.
The further irony is that the Keating Five's primary defense was that the House ethics committee had "exonerated" Speaker Wright for his even worse interventions on behalf of the Texas control frauds.
www.scu.edu /ethics/publications/submitted/black/whistleblower.html   (8656 words)

  
 Chapter V: The Keating Five   (Site not responding. Last check: 2007-11-04)
After the speech, Keating walked up to McCain and told him that he, too, was a Navy flier, and that he greatly respected McCain's war record.
Keating, all 6-feet-5 of him, struck a Superman pose and ripped open his shirt to display a hand-drawn skull and crossbones over the letters FHLBB - the Federal Home Loan Bank Board.
In spinning his side of the Keating story, McCain adopted the blanket defense that Keating was a constituent and that he had every right to ask his senators for help.
www.azcentral.com /specials/special39/articles/1003mccainbook5.html   (2829 words)

  
 Senate Inquiry in Keating Case Tested McCain
It was at the height of the savings and loan scandal, and his dealings with Charles Keating, an Arizona high-flier whose failed thrift was a $2 billion debacle for taxpayers, were dominating the news in his home state.
Three other members of the Keating Five were more seriously rebuked by the ethics panel and all of them retired rather than face difficult re-election battles.
But, he said, the Keating Five investigation "was a very tense time for her," adding, "It's always harder for a spouse." (Mrs.
partners.nytimes.com /library/politics/camp/112199wh-gop-mccain.html   (1681 words)

  
 Karl Keating - Media Photos
These five well-known British writers of the 20th century had strong convictions, were not afraid of controversy and defended the truth with vigor and charity.
Once again Karl Keating has provided readers with something that is as informative as it is entertaining and as useful as it is inspiring.
Keating will open your eyes with thoroughly researched information about the efforts, origins, and threats presented by the usual suspects.
www.catholic.com /media/keating.asp   (691 words)

  
 TIME.com: Keating Takes the Fifth -- Dec. 4, 1989 -- Page 1
At least five people were probably relieved that the normally garrulous financier had kept his mouth shut: the Senators who received a total of $1.3 million in contributions from Keating.
In 1985 Keating hired the current chairman of the Federal Reserve Board, then a private economic consultant, to convince the Federal Home Loan Bank Board (FHLBB) that Lincoln was sound and should be exempt from a rule limiting direct investments in risky enterprises to 10% of a bank's portfolio.
Keating bragged that he had won a seat on the FHLBB for his friend and business associate Henkel (Keating had lent more than $60 million to businesses in which Henkel was part owner) by lobbying former White House chief of staff Donald Regan.
www.time.com /time/magazine/article/0,9171,150724,00.html   (947 words)

  
 Is John McCain a Crook? - Chris Suellentrop - Slate Magazine
Federal auditors were investigating Keating's banking practices, and Keating, fearful that the government would seize his SandL, sought intervention from a number of U.S. senators.
Keating was a former naval aviator himself, and the two men became friends.
The Senate Ethics Committee probe of the Keating Five began in November 1990, and committee Special Counsel Robert Bennett recommended that McCain and Glenn be dropped from the investigation.
www.slate.com /id/1004633   (1118 words)

  
 The Keating fizzle - congressional investigation into Charles Keating and savings and loan association failures ...
Special Counsel Robert Bennett and lawyers for the Keating Five have begun their closing arguments; when they are done, the panel will determine if any of the five men violated Senate rules and, if so, will suggest appropriate punishments, ranging from reprimand to expulsion.
Keating had engineered $1.3 million in campaign contributions to the five lawmakers.
The two Keating senators with terms expiring in 1992 are the two most likely to be found not guilty, Glenn and McCain.
www.findarticles.com /p/articles/mi_m1282/is_n2_v3/ai_9859085   (777 words)

  
 Hinton, Keating accorded honor   (Site not responding. Last check: 2007-11-04)
Keating recalls an early 1990s lunch with three other business leaders that eventually produced the Health Alliance of Greater Cincinnati, a coalition of several local hospitals.
Keating, the same devotion to quality of life comes from an almost lifelong belief in public service, friends and family said — whether in politics, the courts, volunteer work or through newspapers.
Keating to the UC Board of Trustees during his tenure as Ohio governor, said Mr.
www.enquirer.com /editions/2000/12/22/loc_hinton_keating.html   (1089 words)

  
 The Keating Five Investigation [Free Republic]
The Keating Five earned their name and notoriety because they met three years ago with Federal regulators who were closing in on Charles Keating, a powerful California S.&L. operator.
Keating was released on $300,000 bond after a month in jail in California, where he faces charges of fraud in the sale of junk bonds issued by his American Continental Corp., which owned Lincoln.
Keating had been a fundraiser for me in my past campaigns, he was not involved in any fundraising activities for me after 1986.
www.freerepublic.com /forum/a389c4d3151b5.htm   (8517 words)

  
 phoenixnewtimes.com | News | An Endowed Chair
Keating and his associates had donated more than $112,000 to McCain's '82 and '84 U.S. House bids and his '86 Senate campaign.
A decade later, John McCain is the only member of the Keating Five who retains his Senate seat; the other four retired long ago, in varying degrees of disgrace.
Charles Keating did not become famous donating soft money to political parties; instead, he and his employees wrote stacks of individual checks for $250 or $500 or $1,000.
www.phoenixnewtimes.com /issues/1999-11-25/feature.html   (936 words)

  
 HNN - HuntingtonNews.Net
Mention the “Keating Five” to today’s political junkie and his or her eyes glaze over.
Lincoln's chairman, Charles H. Keating Jr., was faulted for the thrift's failure.
”The ethics committee's special counsel concluded that of the five, Glenn (a former astronaut) and McCain (a former Prisoner Of War) were not substantially involved in the influence-peddling scheme.
www.huntingtonnews.net /columns/060415-kinchen-review.html   (1818 words)

  
 Potomac Watch: Burned fingers led to McCain's finance reform epiphany   (Site not responding. Last check: 2007-11-04)
McCain's zeal for campaign finance reform stems from his searing experience as one of the Keating Five when he was accused of trading influence for campaign dollars.
Keating, then Arizona's largest home builder whose companies made him the state's sixth-largest employer, had steered about $1.4 million in campaign contributions and gifts to the five between 1982 and 1987.
While the five senators argued they were only trying to help a constituent and ensure that federal regulators were correctly interpreting the law, the regulators insisted they felt intimidated.
seattlepi.nwsource.com /national/pot281.shtml   (962 words)

  
 Captain's Quarters
Keating used the S&L to float out bad bonds in ACC, resulting in a $2 billion loss and bailout from the FSLIC and the loss of millions of dollars to ordinary shareholders in ACC.
The Keating collapse wound up costing taxpayers and investors a total of $3.4 billion, a number that could have been mitigated substantially had the five not interfered with the regulatory agency's investigation of Keating.
The only changes to the Keating scenarios are that McCain learned to put a buffer or two between the money and himself and that he acted alone to intervene with a regulatory agency on their behalf.
www.captainsquartersblog.com /mt/archives/004016.php   (2350 words)

  
 Dirty fight for clean politics - The Washington Times: Commentary - March 15, 2005   (Site not responding. Last check: 2007-11-04)
McCain was one of five senators who met with regulators in 1987 and encouraged them to ease up on Mr.
Keating served several years in prison for fraud, although his conviction was later reversed because of juror misconduct.
Although the bank regulators later said they felt pressured by the Keating Five's intervention, the senators insisted they were not trying to exert inappropriate influence.
washingtontimes.com /commentary/20050314-090219-4349r.htm   (722 words)

  
 Worldandnation: McCain wipes his slate clean
The newspaper story was that McCain, who had accepted $112,000 in campaign contributions as well as other favors from Keating, was one of five senators who summoned federal bank regulators to Capitol Hill for a meeting in April 1987, in which they sought to stall the government takeover of Lincoln.
Although Lincoln was headquartered in California, Keating was a resident of Phoenix.
And while McCain's record since the early 1990s has helped to lay the Keating Five scandal to rest for many years, it is not forgotten.
www.sptimes.com /News/020500/Worldandnation/McCain_wipes_his_slat.shtml   (1170 words)

  
 Election Watch: 1990: PACs and Congressional Corruption: A Chicken and Egg Situation
The press has dubbed five of them, four Democrats and one Republican, "the Keating Five." They ganged up on the federal official responsible for regulating savings and loan institutions and told him to stop leaning so hard on the now massively defunct Lincoln Savings and Loan Association, whose chairman was Charles H. Keating, Jr.
Intervention by these five senators may have delayed federal action to close the incredibly mismanaged Lincoln Savings and Loan Association by a year or more, adding another billion or two to the more than $100 billion savings and loan bailout that will cost every American taxpayer several hundred dollars.
Keating, of course, was fortunate to have five senators in three states.
www.washington-report.org /backissues/0390/9003006.htm   (1281 words)

  
 John McCain: Are His Backers Out of Prison?
While the affair became known as the "Keating Five" scandal, none of the other members of the Senate and House implicated in the ethics violations, were as closely tied to Keating as John McCain.
And Charles Keating was no "loan assassin." He was but one player in a larger organized crime apparatus that ran the $200 billion-plus rip-off, in what may have been the biggest actual RICO (racketeering) scheme ever.
Keating served as the mortgage and insurance company's general counsel, and later as vice president.
www.larouchepub.com /other/2002/2932mccain.html   (2675 words)

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