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Resource ID: #7073
Subject: Savings And Loans
Source: Wall Street Journal (New York)
Date: 1989-11-20


This report looks at Charles Keating Jr., architect of the Lincoln Savings Loan scandal, who profited from a systematic breakdown of government supervision, including an often timid regulatory bureaucracy preoccupied with petty turf wars, and a White House and Congress that looked the other way while taxpayers lost nearly $3 billion.

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