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Event

The Keating Five

Senate Ethics Committee inquiry into five senators who met federal regulators about Charles Keating’s Lincoln Savings and Loan; preliminary findings 27 February 1991, Cranston reprimanded in November 1991.

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Dates
27 Feb 1991 – 20 Nov 1991

Connections 8

involved

  • Senate Ethics Committee investigated Scholarship & press 1
  • Alan Cranston in February 1991 the committee found “substantial credible evidence” that he “may have engaged in improper conduct” Scholarship & press 23
  • Dennis DeConcini the committee said his conduct “gave the appearance of being improper” but broke no law or Senate rule Scholarship & press 24
  • Donald Riegle the committee said his conduct “gave the appearance of being improper” but broke no law or Senate rule Scholarship & press 2
  • John Glenn the committee found “poor judgment” but no improper conduct Scholarship & press 12
  • John McCain the committee found “poor judgment” but no improper conduct Scholarship & press 2
  • Fred Wertheimer president of Common Cause; called the decision “a cop-out” Scholarship & press 4
  • Common Cause its president called the decision “a cop-out” Scholarship & press 4
Timeline 1 date
  1. 27 Feb 1991 – 20 Nov 1991 The Keating Five
Proof 4 sources
  1. Senate committee clears Glenn of impropriety in Keating case, Dayton Daily News (archived clipping), 28 Feb 1991. Scholarship & press
    Sen. John Glenn was cleared Wednesday by the Senate Ethics Committee of improper conduct in the Keating Five scandal
    I have been vindicated.
    Glenn took issue with the committee’s characterization of his involvement with the Keating-Wright lunch
  2. Panel rules on ‘Keating 5’, The Christian Science Monitor, 1 Mar 1991. Scholarship & press
    “Substantial credible evidence” exists that Sen. Alan Cranston (D) of California “may have engaged in improper conduct.”
    The conduct of both Dennis DeConcini (D) of Arizona and Donald Riegle (D) of Michigan “gave the appearance of being improper and was certainly attended with insensitivity and poor judgment,” but did not violate law or Senate rules.
    Sens. John McCain (R) of Arizona and John Glenn (D) of Ohio each on one occasion exercised “poor judgment” on behalf of Keating, the panel said, but were not guilty of improper conduct, or violation of law or rules.
  3. Cranston reprimanded (Reuters), The Christian Science Monitor, 22 Nov 1991. Scholarship & press
    Mr. Cranston expressed "deep remorse" and told the Senate he accepted the reprimand. But he insisted he had acted honestly
  4. Senate Ethics Panel Ignored Its Name, The Christian Science Monitor, 18 Mar 1991. Scholarship & press
    The committee clearly states in their opinion: I broke no laws and I broke no Senate rules.
    Fred Wertheimer, president of Common Cause, branded the decision “a cop-out.”
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