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Secure senatorial protection against the federal government taking over his lincoln savings & loan. >> charles keating was a very big builder. he was probably at that time the biggest in arizona. he also was very patriotic and he took a liking to me and he helped me with my campaigns. >> he was a big arizona player. he would support candidates and get behind candidates and raise a lot of money. then he bought some savings and loans and that's where it all kind of went south on him. >> examiners from the federal home loan bank found what they described as a ticking time bomb. the examiners also...

Each senator got large campaign donations from keating, his family and their associates. >> in the most explosive testimony yet, edwin gray, the former chief regulator of savings and loan industry told henry gonzalez four u.s. senators asked him to ease regulatory pressure on troubled lincoln savings and loan. >> john tells me when he walked in the door for the meeting arranged for this he knew this would be a problem. >> i'm doing everything i can to try and set the record straight. again, admitting that i made mistakes and serious ones. but i did not abuse my office and i think that's the ke...

Look at five senators accused of intervening with federal banking officials on behalf of keating. the keating five are john mccain and democrats alan cranston, john glen, on donald regal. they received a total of $1.3 million in campaign contributions or donations to favored causes. >> edwin gray said the senators tried to subvert the regulatory process. >> i was told to come alone. i did. >> did you find that unusual? >> absolutely. never happened before. the whole time i was in washington, i never saw that. >> no witnesses? >> no, no witnesses. deniability. perfectly built into the meeting. ...

Keating. >> the keating five are john mccain and democrats alan cranston, john glenn, donald riegle and dennis deconcini. they reportedly received a total of $1.3 million in donations. edwin gray says the senators tried to subvert the regulatory process. >> i was told to come alone. i did. >> did you find that unusual? >> absolutely. never happened before. the whole time i was in washington, i never saw that. >> no witnesses? >> no, no witnesses. deniability. perfectly built into the meeting. >> they said they wanted us to not take the enforcement action against lincoln savings. the only thing...

Goes to capitol hill. the senate ethics committee is looking into charges against five senators accused of intervening with federal banking officials on behalf of charles keating. the keating five are john mccain and democrats alan cranston, john glenn, donald riegle and dennis deconcini. they reportedly received a total of $1.3 million in donations. edwin gray says the senators tried to subvert the regulatory process. >> i was told to come alone. i did. >> did you find that unusual? >> absolutely. never happened before. the whole time i was in washington, i never saw that. >> no witnesses? >>...