News: 2014-04-07

Charles Keating, financier and moralist, 1923-2014 - FT.com
"Ultimately he was undone for mis-selling hundreds of millions of dollars of junk bonds to small savers and pensioners. Thousands lost their savings. One of Lincoln’s marketing mottos was: “Always remember, the weak, meek and ignorant are always good sales targets.” Hundreds of other S&L executives were convicted. But Keating stood out. The contrast with 2008, which has yielded no high-profile convictions, is stark.Keating was unre...


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