Word: lincoln
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...first nobody noticed how much had disappeared because heists in high places occur without ski masks or guns. But now the House Banking Committee, the thousands of duped bondholders and the public have caught on: to the empty vault at California's Lincoln Savings and Loan, to the perfidy of its owner Charles Keating and to the complicity of the Government. Says Banking Committee member Jim Leach of Iowa: "Keating is at fault because he is a bank robber, but we in Washington made it, in part, a legal bank robbery...
Keating, the Phoenix businessman who is accused of using 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...
...Wall removed the Lincoln investigation from the bank board's San Francisco office to Washington, postponing the closing of the savings and loan by two years. That delay will add $1.3 billion to the taxpayers' cost of repaying depositors and unloading Lincoln's washed-out investments. "My responsibility was to see that this was not a lynch mob after Keating," Wall explained to TIME last week. "The San Francisco office has a history of being hysterical, overzealous, swept away by smoke where there is no gun." Yet ; Wall's Washington audit eventually confirmed San Francisco's warning to the Senators...
...declare victory, his razor-thin lead had stabilized about where it would end up: just 6,582 votes out of a record 1.78 million ballots cast. That was enough, however, for Virginia's Governor-elect to declare proudly, "As a boy, when I would read about an Abe Lincoln or a Thomas Jefferson . . . when I would read that all men are created equal and that they are endowed by their creator with certain inalienable rights . . . I knew it meant...
...long stretch of grass between the Lincoln Memorial and the Washington Monument is teeming with demonstrators who have come from universities across the country to demand that the politicians listen...