Transcripts for CNN The Eighties 20240604 06:37:00 : vimarsa

CNN The Eighties June 4, 2024 06:37:00

that lincoln had made... there were no credit reports on the borrowers in all 52." and on top of that, charles keating has lincoln savings sell uninsured junk bonds, and he targets the widows in the retirement community. goldin: there were 23,000 customers who would buy $250 million of these bonds. we had sold our home in sherman oaks. my husband had had a stroke. we moved down here, went to lincoln savings down here. goldin: how much is your debenture? you really want to know? yes. it was $30,000, and for us, that was quite a bit. [ crowd murmuring ] "capitalize on this," the bond salesmen were told. "the weak, meek, and ignorant are always good targets." the regulators were looking at this and saying, you know, "this guy is a disaster, man. we have got to stop this." but by that time, keating had a construction company in arizona,

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