There was a final note of lies and dishonesty written by William Keating and his associates a short time after federal regulators seized the Lincoln Savings and Loan about a year ago . One veteran regulator described the seizure of the company as the most bizarre and chaotic thing he had ever encountered . Loan and credit files , said the regulator , were missing . FDIC personnel managed to retrieve the files when the savings and loan managers demanded the files in exchange for the art in the company 's offices . Keating later denied that there was any such bartering .
There was a final note of greed and dishonesty displayed by Charles Keating and his associates a short time after federal regulators seized the Lincoln Savings and Loan about a year ago. One veteran regulator described the seizure of the company as the most bizarre and chaotic situation he had ever encountered. Loan and credit files, said the regulator, were missing. FDIC personnel managed to retrieve the files when the savings and loan managers offered the files in exchange for the art in the company's offices. Keating later denied that there was any such bartering.