Nation IN BRIEF : WASHINGTON, D.C. : No Pressure to Help Keating, Panel Told
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Federal regulators were not politically pressured to go easy on Charles H. Keating Jr.’s savings and loan association, a former government supervisor told the Senate Ethics Committee. The testimony of Rosemary Stewart, at the resumption of hearings on the conduct of five senators, contradicted assertions of other regulators who testified that the Federal Home Loan Bank Board was placed under tremendous pressure from the five senators to end its lengthy examination of Keating’s Lincoln Savings & Loan. Stewart, called as a defense witness by Sen. Alan Cranston (D-Calif.), headed the office of enforcement at the Federal Home Loan Bank Board.
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