Word: regan
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Dates: during 1980-1989
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...Henkel. Keating bragged that he had won a seat on the FHLBB for his friend and business associate Henkel (Keating had lent more than $60 million to businesses in which Henkel was part owner) by lobbying former White House chief of staff Donald Regan. Henkel's stint on the board lasted only five months. Although he was cleared of any wrongdoing, he resigned after the Justice Department and the FHLBB investigated his first official act: a motion that would have specifically benefited Keating by exempting Lincoln from direct-investment limits...
...from the government to become head of a Keating-controlled enterprise, TCS Financial Inc. Immediately Keating poured nearly $3 million into the business, wiping out the debt of the financially ailing firm. A friend of then FHLBB head Edwin Gray, who became his bitter enemy, Taggart wrote to Don Regan in 1986, calling Gray a "re- regulator" who was having a "very adverse impact on the ability of our party to raise needed campaign funds...
...first she tried to dodge prickly questions about her reliance on astrology, her feuds with White House chief of staff Donald Regan and her troubled relations with her children. "When she'd say, 'Now Bill, you're not going to talk about this,' I'd use the editors: 'But the editors insist on these subjects,' " says Novak. "The fact is, if you ask readers to pay $22 for a book, you have to reveal new material. Ironically, the better known the person the more they must reveal." Recalls Reagan: "There were tough, difficult times and good times. But I wanted...
...Regan's defense team was certainly right to decry the Government's use of RICO. Even the Justice Department seems to agree it shouldn't be used this way again. At best, you might say it was sort of like bombing Hiroshima. The Government was looking for something dramatic to end the war, but it was of questionable morality...
None of this can be much consolation to Regan, who, even if guilty, has suffered more, all told, than his alleged crimes would seem to warrant. But at least the news is not all bad. He's still rich, and my New York City audit went fine...