"California" Savings and Loan Commissioner William J. Crawford called Charles Keating a "con man" who relied on lies and bought political influence. He used both to deceive and intimidate state regulators. The U.S. took over his scandel-plagued Lincoln Savings and Loan of Irvine, California in April. Associates who knew Keating say that he was a dominant personality who believed that he was above the law. Keating certainly was aware of his own misdeeds in the high roller world of acquisitions, money shifting and illegal pay-offs to politicians. Lincoln Savings &amp; In an interview with ABC News last week, former Federal Reserve Chairman Paul Volcker said it is hard for him to imagine how anyone could have been deceived by Keating's deceptive sales practices.
"California" Savings and Loan Commissioner William J. Crawford called Charles Keating a "con man" who relied on lies and bought political influence. He used both to deceive and intimidate state regulators. The U.S. took over his scandel-plagued Lincoln Savings and Loan of Irvine, California in April. Associates who knew Keating say that he was a dominant personality who believed that he was above the law. Keating certainly was aware of his own misdeeds in the high roller world of acquisitions, money shifting and illegal pay-offs to politicians. In an interview with ABC News last week, former Federal Reserve Chairman Paul Volcker said it is hard for him to imagine how anyone could have been deceived by Keating's deceptive sales practices.