Keating Opens His Case: Attorneys for Phoenix...
From Times Staff and Wire Reports
Keating Opens His Case: Attorneys for Phoenix businessman Charles H. Keating Jr. opened his legal case Monday, arguing that overzealous regulation led to the government’s takeover of his Lincoln Savings & Loan Assn. Keating’s chief aide testified how--through investments in stocks, junk bonds and real estate--they turned the Irvine thrift from a losing home mortgage lender into a nearly $7-billion empire.
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