Charles Keating, of Lincoln Savings and Loan notoriety, was a collegiate gold medal swimmer and a Navy fighter pilot during World War II. Early in 1987, Garcia approached Lincoln to see if he could borrow money to buy the remaining stock in a company in which he already held a 20% interest. He had been the first chairman of the Federal Reserve Bank in New York City from 1953 to 1957. During his early career, others sized him up as aggressive, impatient, a risk taker and a stubborn competitor. All of these characteristics were to mark his later career and prominence in the U. S. savings and loan scandel beginning in 1985. None of these early characteristics ascribed to Keating included the words "dishonest" and "deceptive" and these were to mark his later career as well.
Charles Keating, of Lincoln Savings and Loan notoriety, was a collegiate gold medal swimmer and a Navy fighter pilot during World War II. He had been the first chairman of the Federal Reserve Bank in New York City from 1953 to 1957. During his early career, others sized him up as aggressive, impatient, a risk taker and a stubborn competitor. All of these characteristics were to mark his later career and prominence in the U. S. savings and loan scandel beginning in 1985. None of these early characteristics ascribed to Keating included the words "dishonest" and "deceptive" and these were to mark his later career as well.