Savings and Loan Senate Ethics Investigation
1990-12-11T09:42:07-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZTg4XC8wMTUzMTQtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Ms. Jordan, a banking aide to Senator Cranston, denied that she had tried to influence regulators to ignore Lincoln Savings and Loan’s increasing problems in 1988. The thrift, owned by Charles Keating, has since failed, and Keating has been charged with banking irregularities. One regulator, William Black, who testified last week, told the committee that pressure from Ms. Jordan contributed to the delay in enforcing tighter supervision of Lincoln Savings and Loan. Ms. Jordan’s testimony pointed up the central role of James Grogan, Lincoln’s chief lobbyist, in requesting Ms. Jordan to make telephone calls to the thrift regulators. Grogan will testify before a closed session of the Ethics Committee on Wednesday.
Ms. Jordan, a banking aide to Senator Cranston, denied that she had tried to influence regulators to ignore Lincoln Savings and Loan’s increasing… read more
Ms. Jordan, a banking aide to Senator Cranston, denied that she had tried to influence regulators to ignore Lincoln Savings and Loan’s increasing problems in 1988. The thrift, owned by Charles Keating, has since failed, and Keating has been charged with banking irregularities. One regulator, William Black, who testified last week, told the committee that pressure from Ms. Jordan contributed to the delay in enforcing tighter supervision of Lincoln Savings and Loan. Ms. Jordan’s testimony pointed up the central role of James Grogan, Lincoln’s chief lobbyist, in requesting Ms. Jordan to make telephone calls to the thrift regulators. Grogan will testify before a closed session of the Ethics Committee on Wednesday. close
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