The Keating Five: Five US Senators Accused of Corruption in the Savings & Loan Crisis

The Keating Five: The Keating Five were five US Senators accused of corruption, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s. Basically they had prevented Charles Keating, Chairman of the Lincoln Savings and Loan Association from being audited in return for receiving campaign funding. Unfortunately for everybody else in America the association collapsed under the corruption causing billions of dollars worth of damages and ruining the reputations of the senators.

The five senators were – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan)

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