Downfall of Sen. Cranston
We are retired schoolteachers who invested a considerable sum of money in bonds in Lincoln/American Continental Corp. The salesperson assured us the bonds were guaranteed and had no risk. Our loss from these bonds dashed our hopes to finance our grandson’s college education.
We are very angry that the Senate Ethics Committee was too lenient with the senators involved in the intervention with regulators to delay the unmasking of Charles Keating and Lincoln’s financial troubles for two years, during which time we were defrauded of our savings.
The public must be warned to be on its guard against such behavior as Keating’s and the Senate committee’s failure to condemn the senators who contributed to the excesses of politically powerful financiers.
JULIAN & SUZANNE MAY, Santa Monica
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