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BUSINESS
August 6, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
If it were up to Charles H. Keating Jr., his trial on state criminal securities fraud charges would go seven days a week, 24 hours a day. He said he can't wait for the trial to be over. "I'm ashamed that I'm spending my final productive years doing this," he said in casual conversation Monday with reporters while his attorney and prosecutors were huddling in chambers with Superior Court Judge Lance A. Ito.
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NEWS
November 2, 1990 | From Times Staff and Wire Service Reports
Lincoln Savings & Loan Assn., the Irvine-based thrift that became a symbol of the nation's savings-and-loan debacle, was officially put up for sale today by federal officials. Also listed is Imperial Federal Savings Assn. in San Diego, one of California's largest thrifts with $7.9 billion in assets. The Resolution Trust Corp., the federal agency mopping up the thrift mess, listed Lincoln and Imperial among 18 savings and loans on which it is soliciting bids.
NEWS
November 2, 1990 | From Times Staff and Wire Service Reports
Lincoln Savings & Loan Assn., the Irvine-based thrift that became a symbol of the nation's savings-and-loan debacle, was officially put up for sale today by federal officials. Also listed is Imperial Federal Savings Assn. in San Diego, one of California's largest thrifts with $7.9 billion in assets. The Resolution Trust Corp., the federal agency mopping up the thrift mess, listed Lincoln and Imperial among 18 savings and loans on which it is soliciting bids.
OPINION
October 29, 1989
There is considerable dispute about what was said by Sen. Alan Cranston (D-Calif.) and four other senators during an April, 1987, meeting with a federal savings and loan official about the status of the $2.5-billion failure of Lincoln Savings & Loan Assn. One thing is certain, however. The senators never should have conducted such a meeting. Senators are elected to legislate, not to meddle in the regulatory processes of the administrative branch of government.
BUSINESS
August 6, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
If it were up to Charles H. Keating Jr., his trial on state criminal securities fraud charges would go seven days a week, 24 hours a day. He said he can't wait for the trial to be over. "I'm ashamed that I'm spending my final productive years doing this," he said in casual conversation Monday with reporters while his attorney and prosecutors were huddling in chambers with Superior Court Judge Lance A. Ito.
BUSINESS
March 25, 1994 | From Times Staff and Wire Reports
Former Keating Associate Settles SEC Charges: Robert J. Kielty, a former associate to Charles H. Keating Jr. settled charges with the Securities and Exchange Commission alleging fraud connected to the failed Lincoln Savings & Loan Assn. In an administrative proceeding, the SEC said Kielty, former general counsel and senior vice president at American Continental, Lincoln's parent company, agreed to a cease and desist order barring further violations.
NEWS
March 10, 1990
Douglas S. McDonald, 67, chief executive officer of Lincoln Savings & Loan Assn. from 1950 through his retirement in 1971. During his tenure at Lincoln, which today is at the heart of a political contribution scandal, McDonald helped finance many of the Southland's premier residential developments, including the Friendly Hills Community in Whittier, Porter Ranch in Northridge and the Mesa Verde Community in Costa Mesa.
OPINION
October 29, 1989
There is considerable dispute about what was said by Sen. Alan Cranston (D-Calif.) and four other senators during an April, 1987, meeting with a federal savings and loan official about the status of the $2.5-billion failure of Lincoln Savings & Loan Assn. One thing is certain, however. The senators never should have conducted such a meeting. Senators are elected to legislate, not to meddle in the regulatory processes of the administrative branch of government.
BUSINESS
April 27, 1993 | From Times Staff and Wire Reports
Keating's Motion for New Trial Rejected: Motions for acquittal and a new trial for former savings and loan executive Charles Keating were tentatively rejected by a federal judge. Keating and his son, Charles Keating III, were convicted in January on multiple counts of fraud, conspiracy and racketeering in connection with the collapse of Irvine-based Lincoln Savings & Loan Assn.
BUSINESS
March 28, 1990
Lincoln Savings & Loan Assn. of Irvine has reported a fourth-quarter loss of $127.5 million, bringing its loss for 1989 to $1 billion. The S&L, which was seized in April by federal regulators, said its assets at year-end were $2.9 billion, down from $5.3 billion in 1988. The failure of the thrift, formerly owned by American Continental Corp., a Phoenix real estate development firm controlled by Charles J. Keating Jr., could cost the government more than $2 billion.
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