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TIME: Almanac 1995
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TIME Almanac 1995.iso
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<text id=91TT2667>
<title>
Dec. 02, 1991: American Notes:The Senate
</title>
<history>
TIME--The Weekly Newsmagazine--1991
Dec. 02, 1991 Pearl Harbor:Day of Infamy
</history>
<article>
<source>Time Magazine</source>
<hdr>
NATION, Page 29
American Notes
THE SENATE
The Keating None
</hdr><body>
<p> After 22 months of shilly-shallying, partisan bickering and
overblown rhetoric, the Senate Select Committee on Ethics
finally punished the last of the Keating Five. Last week the
committee reprimanded California Democrat Alan Cranston, who
accepted $850,000 in contributions from financier Charles
Keating while interceding on his behalf with bank regulators who
were trying to seize Keating's failing savings and loan.
</p>
<p> The committee found that Cranston's conduct had been
"improper and repugnant," but those were mild words to describe
his dealings with Keating. In one instance, a Keating aide gave
Cranston $250,000 at the same meeting during which he agreed to
plead Keating's case. Cranston insisted that what he had done
for Keating was not unusual for a Senator. How many lawmakers,
he demanded, "could rise and declare you've never, ever helped--or agreed to help--a contributor?" To which Republican
Warren Rudman snapped, "Everybody doesn't do it." Perhaps not.
But the leniency extended to Cranston suggests that those who do
will go scot-free.
</p>
</body></article>
</text>