Word: cranston
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Dates: during 1980-1989
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...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. The last time he was asked whether the money he gave to California's Alan Cranston, Michigan's Donald Riegle, Ohio's John Glenn and Arizona's Dennis DeConcini and John McCain had persuaded them to intervene with federal regulators on his behalf, Keating baldly declared, "I certainly hope so." Iowa Republican Congressman Jim Leach, one of the few members of the House Banking Committee who does not accept contributions from...
...Lincoln as a private casino, is emblematic of the nation's $300 billion-plus S & L disaster. But he has no dearth of accomplices. There are the so-called Keating Five -- Senators Dennis DeConcini and John McCain of Arizona, John Glenn of Ohio, Donald Riegle of Michigan and Alan Cranston of California -- who received $1.3 million in contributions from Keating and went to bat for him against federal regulators. The five sank deeper into trouble last week when the Senate ethics committee appointed outside counsel to investigate. The FBI also expanded its Keating probe to include questions about the Senators...
Riegle, meanwhile, had to confess to several meetings with Keating that he forgot to tell the Senate ethics committee about until it came out in congressional testimony. One was a helicopter tour of Keating's real estate empire in 1987. Cranston's political future darkened during congressional hearings last week when some of his California constituents blamed "Cranston's corruption" for the loss of their savings...
...asked for help from the five Senators, all beneficiaries of direct and indirect contributions from him: Arizona Democrat Dennis DeConcini (who had received $55,000), Arizona Republican John McCain ($125,433), Ohio Democrat John Glenn ($234,000), California Democrat Alan Cranston ($897,000) and Michigan Democrat Donald Riegle, chairman of the Senate Banking Committee ($76,100). In addition, according to the Arizona Republic, DeConcini's top aides received more than $50 million in real estate loans. Keating also gave McCain and his wife trips, including vacations in the Bahamas valued at $13,400, which McCain paid for after they became...
...obsessed by it at the rate of about $10,000 a day -- the amount it takes to fuel a Senate campaign every six years. Glenn, who was carrying a $2 million debt from his 1984 presidential bid, solicited $200,000 from Keating for a political committee he controlled. Cranston ! solicited $850,000 from Keating in 1987 and 1988 for voter-registration drives. In Cranston's tight 1986 Senate race against former Republican Congressman Ed Zschau, Keating gave the California Democratic Party $85,000. Of the need for campaign money, Cranston says, "I have tried to change that situation but have...