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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Schuh who wrote (20747)	12/16/1998 8:02:00 PM
From: Les H	Read Replies (1) \| Respond to of 67261

April, 1987--Edwin Gray ends his term as chairman of Federal Home Loan Bank Board in June. Before his departure, he is summoned to the office of Sen. Dennis DeConcini. DeConcini, with four other Senators (John McCain, Alan Cranston, John Glenn, and Donald Riegle) question Gray about the appropriateness of Bank Board investigations into Charles Keating's Lincoln Savings and Loan. All five senators, who have received campaign contributions from Keating, would become known as the "Keating Five". The subsequent Lincoln failure is estimated to have cost the taxpayers over $2 billion. From the FDIC web site I believe McCain took about $ 800,000 in contributions from Keating. At one time, I've seen where over 100 congressmen were named. The Keating Five were the most well-known.