Word: loaned
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Dates: during 1990-1999
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...corrupt politician who has lost touch with the folks back home. But Kerry's efforts on behalf of Massachusetts are notable, and he is one of just three senators to refuse to take money from political action committees. He has led the fight in the Senate against savings and loan fraud, and has endorsed tax equity--sharing the tax burden more fairly--as a way to extricate this country from its fiscal mess...
...formulate one of his own, which he believes is a President's role, not a Senator's. Congressional colleagues, including some Democrats, fault Kerrey as unfocused and naive about Senate customs. Early this year, for example, he introduced a bill to revamp the savings-and-loan bailout agency, the Resolution Trust Corporation, even though he is not a member of the Banking Committee. "Kerrey should have known better," says a House Republican. "With five members under investigation in the Keating scandal, the Senate isn't about to revisit the S&L scandal in an election year...
...their attempt to get federal officials off the back of Charles Keating, a generous contributor to their campaigns. Keating, 66, was released on $300,000 bail last week after spending a month in a California jail awaiting trial on charges that he misled investors in his bankrupt Lincoln Savings & Loan, whose failure will cost taxpayers $2 billion. Ten months into its investigation, the committee is still trying to decide whether at least three Democratic Senators -- Michigan's Donald Riegle, California's Alan Cranston and Arizona's Dennis DeConcini -- should be punished by the Senate. A battle of leaked documents...
According to one such document, Roger F. Martin, a former member of the Federal Home Loan Bank Board, which regulates S&Ls, told Senate investigators that Cranston called him at home late one night last spring and that DeConcini reached him the same way at 5:30 the next morning. Both had urged that Lincoln Savings be sold to an interested buyer rather than be shut down. Martin told the probers, "I have never, either before or since this incident, received a telephone call at home from any Senator or Representative regarding a board matter...
...scream, but we may have yet another mess to worry about: an insurance crisis. And while there's no reason at this stage to think it will rival the savings and loan crisis, never underestimate the worldwide insurance industry. It's tightly interconnected, and nothing about it is small...