Charles Keating and the Lessons of the Savings and Loan Crisis

Wednesday, 02 April 2014 15:35
By The Daily Take, The Thom Hartmann Program | Op-Ed

Charles H. Keating Jr., one of the most notorious fraudsters in American history, died yesterday at the age of 90.

Although his status as financial criminal number one has slipped a bit in the wake of the 2008 financial crisis, Keating was for many years the guy many Americans thought off when they thought off bankster rip-off artists, and his story reminds us that historically governments have had a very specific response to bad behavior by banks and banksters.