The U.S. government seizes the Irvine, CA
Lincoln Savings and Loan AssociationCharles Keating (for whom the
Keating Five were named –
John McCain among them) eventually goes to jail, as part of the massive 1980s
Savings and Loan Crisis which costs U.S. taxpayers nearly $200 billion in bailouts, and many people their life savings.
//query.nytimes.com/gst/fullpage.html?res=9C0CE0DF153BF937A1575BC0A966958260 NY Times May 3, 1990
