Cranston’s Bill to Aid Lincoln Bondholders Recover Funds
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Now let me get this straight.
Sen. Alan Cranston (D-Calif.) took money from Charles H. Keating Jr. so he could help protect Californians from crooks, scoundrels and unfair business practices.
The senator then put pressure on the regulatory agencies to stop harassing Keating and allow him to continue to do business as usual.
Keating proved to be a crook and scoundrel who used unfair business practices to bilk 22,000 people out of their savings.
Cranston feels sorry for all of the people who lost money and blames the regulatory agencies for being negligent in letting Keating do business as usual.
Now Cranston wants the taxpayers to pick up the tab for these investors who are now impoverished by the savings and loan failure and punish those negligent regulators who let this sort of thing happen (Part A, Jan. 20, Business, Jan. 23).
Let me say this: “Please, Senator, don’t do us any more favors, you’ve done enough already.”
F.J. WILFERTH
Yorba Linda
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