Tuesday, August 5, 2008

The Keating Five

Together, the five senators had accepted more than $300,000 in contributions from Keating, and their critics added a new term to the American lexicon:

Keating Five.

As the S&L failure deepened, the sheer magnitude of the losses hit the press. Billions of dollars had been squandered. The Keating Five became shorthand for the kind of political influence that money can buy. The five senators were linked as the gang who went to bat for an S&L bandit.

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