The One Point Three Million Dollars That Collapsed a Dynasty
A quiet $1.3 million moved between a donor and five US senators over six years-how did a savings and loan enable this?
The One Point Three Million Dollars That Collapsed a Dynasty
This episode explores the story of Lincoln Savings and Loan, an institution that became central to the largest political scandal of its era. We look at how deregulation transformed the financial landscape and enabled a high-stakes scheme.
Person: Charles H. Keating Jr.
Date: April 14, 1989
Location: Irvine, California
Event: Seizure of Lincoln Savings and Loan
Cost: $3.4 billion for Lincoln alone
- Charles H…
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