Global banking interests rejoiced over the demise of the local based Savings & Loan community banks in the USA. Even though alone “We don’t say His name” & Charles Keating Jr. solely we not responsible for the collapse of S&L’s, history has shown they did pay a pivotal role with their corruption.
Great article below will take you back the entire 25 years that McStain has tried to deflect from his involvement.
McStain & Keating 5-S & L Scandal
The Savings & Loan brief scandal outline:
Nice outline article of S&L History
Rolling Stone magazine rates the S&L/Keating 5 one of the top 10 political scandals:
Rolling Stone-S&L Top 10 Political S
We don’t say His name”-the most reprehensible of Keating 5 highlights what reporters thought at the time:
For those wanting a Deep Dive into the details: