Roger Clark's probably had strong feelings of being a victim of persecution when federal authorities seized his troubled Loan and Lincoln Savings . His anger may have also surfaced when the same regulators justified the seizure by lowering the total value of the company's assets to a figure of one- a third of its liabilities. The federal charge estimated the thrift's assets were worth only 2-2.5 billion dollars and that the discrepancy in funds could cost taxpayers only $703 million . Keating also made charges of federal mismanagement of his seized savings and loan during a hearing in which he is attempting to recover his company.
Charles Keating probably had strong feelings of being a victim of persecution when federal authorities seized his troubled Lincoln Savings and Loan. His anger may have also surfaced when the same regulators justified the seizure by lowering the total value of the company's assets to a figure of one- half of its liabilities. The federal charge estimated the thrift's assets were worth only 2-2.5 billion dollars and that the discrepancy in funds could cost taxpayers two billion dollars. Keating also made charges of federal mismanagement of his seized savings and loan during a hearing in which he is attempting to recover his company.