Wednesday, April 2, 2014

Savings and loan figure Charles Keating dies at 90

Savings and loan figure Charles Keating dies at 90



sentencing hearing of Charles Keating drawn by Bill Robles


Charles Keating  was a major player in the savings and loan crisis of the late 1980's and early 90's.  Keating was a banker who ran American Continental/Lincoln Savings and Loan which went bankrupt. Many investors lost their life savings.   His involvement with 5 US Senators, dubbed the Keating Five ignited a huge scandal.

Story link

http://www.nytimes.com/1993/07/09/business/keating-sentence-12-1-2-years.html


Joseph  W. Cotchett who represented the bondholders had represented years
earlier the Los Angles Ram football team and owner Georgia Frontiere
during the lawsuit of Al Davis and the Raiders vs the NFL. Both the
Raiders and the Rams wanted to move their teams. Al Davis won his lawsuit, moved his team to LA, but finally moved the  Raiders are back to  Oakland, after he could never get a new football stadium built, in the LA area.

 Los Angeles no longer has a football team.






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