Word: lincoln
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Dates: during 1980-1989
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That is why the scandal involving five U.S. Senators and the Arizona businessman who gave them more than $1 million is tantalizing: the smoking gun is being waved for all to see. Charles Keating is a former owner of California's Lincoln Savings and Loan and a defendant in a lawsuit involving racketeering, fraud and conspiracy in using the institution's funds. After the smoke clears, bailout of this S&L is expected to reach $2.5 billion, making it the nation's costliest thrift failure. When asked whether his fat contributions to the five Senators influenced them to take...
Keating sought to keep his savings and loan operating even though the Federal Home Loan Bank Board (FHLBB) in San Francisco had found enough bad loans and shaky business practices to shut it down. After Keating purchased Lincoln in 1984, he switched from investing in safe, single-family mortgages to go-go deals in raw land, junk bonds and huge development projects like the $900-a-night Phoenician Resort in Scottsdale, Ariz...
...Krokodiloes perform several benefit concerts annually, but the February event marks the first time they will donate all proceeds from a Sanders concert, said president Paul M. Lincoln...
...Lincoln and on an FBI jet rather than first class on commercial airlines...
...brought forth a generation of fierce reformers and a new brigade of muckraking reporters, like Lincoln Steffens and Ida Tarbell. It was Jacob A. Riis, a New York City newspaper photographer working the police beat, who first recognized how photography could be enlisted in the cause. His job frequently took him through Manhattan's most wretched and dangerous districts, places that the Danish-born Riis knew well from the desperate years after he had arrived in the U.S. in 1870, when he had slept in doorways and picked his dinner from trash bins. In 1887 he came back with...