Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

What The Keating Five Will Face


In Business This Week

WHAT THE KEATING FIVE WILL FACE

On Feb. 27, after 14 months of investigations and hearings, the Senate Ethics Committee made recommendations in the case of the Keating Five. At issue was whether five senators improperly interceded with regulators on behalf of Lincoln Savings & Loan owner Charles Keating.

Alan Cranston (D-Calif.), who says he'll resign next year, will face a trial-like proceeding that could result in a Senate vote to censure his conduct. Two others, Banking Committee Chairman Donald Riegle (D-Mich.) and Dennis DeConcini (D-Ariz.), will receive strongly worded letters calling their action improper but not unlawful. John Glenn (D-Ohio) and John McCain (R-Ariz.) will be chided for their poor judgment.EDITED BY HARRIS COLLINGWOOD


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus