To: Pharmboy
At the end of his father's presidency, Neil was among a group of defendants who agreed to pay $49.5 million to settle a negligence lawsuit over the $1 billion collapse of the savings and loan he directed in Colorado.
Silverado. I knew people who got their finances screwed around on this one.
He should have gone to prison. All those S&L people should have gone to prison (and should still be there) for all the money they cost the country. But then, there were plenty of worthless relatives of bigtime pols and a bunch of congresscritters (McStain, etc.) connected to the scandal that we had a bipartisan accord on letting them all skip out.
To: George W. Bush
...and more demonrats that pubbies, I might add. As you likely know, 4 of the Keating 5 were demonrats.
64 posted on
01/26/2004 12:55:23 PM PST by
Pharmboy
(History's greatest agent for freedom: The US Armed Forces)
To: George W. Bush
Charles Keating went before the House Committee on savings and loan matters. He testifired,and it is in the Congessiional Record,that insuring Savings and Loans losses would create a mess and bankrupt the government. After it became clear that they were going to go ahead,he too opened a Savings and Loan. But you don't mess with government and they went after him fiercely.He ended up in jail.
He did not have a personality that was everyone's cup of tea but he was probably the least of the criminals,and I seriously doubr that he was a criminal,that made a fortune in that fiasco. He also had the audacity to fund a committee dedicated to stop pornography,I believe that was the main reason that they went after him.
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