regulation. This was a new trend for the FHLBB as, in my experience, they had limited themselves previous to this time to the regulation of federally chartered S&Ls. The letter also requested the Board hold an evidentiary hearing on these activities. It is my recollection that the entire Arizona delegation joined Congressman McCain on this letter

It is my further recollection that some, if not all, of the delegation joined the Congressman on the previous letters. Additionally, I worked in close collaboration with Senator Dennis DeConcini's office on the direct investment regulation issue and am quite sure that he sent seperate letters of a similar nature if he did not join ours (or ve his, I am not sure which letterhead was used).

To the best of my knowledge, these are the only activities undertaken by Congressman John McCain's office during this period regarding the S&L industry.

I regret you were embarrassed to speak with Ed Gray regarding Lincoln.
Had you been successful in exposing Gray's destructive policies at that
time, the U.S. taxpayer would now be at least $250 billion better off.

Come home for a week and study the take over by the "Feds" of over $20
billion of Arizona S&L's and their assets causing real estate here to
go into a free fall....causing personal anguish to so many people. Do
you really believe I caused all that? The confiscation by the
government is taking place all over the United States, not just here.

I consistently and correctly predicted what would happen in detail from
the very beginning of Gray's reign of terror and incompetence. I tried
to resist the holocaust.

Now because of that resistance they have unleashed the awesome powers of
government against us. For what? For trying to alert Congress to an
impending tragedy which has occurred precisely as I predicted?

And you're embarrassed?

Respectfully,

Chalie

Charles H Keating, Jr.
Chairman of the Board

CHK/sbg

SPECIAL COUNSEL

Mentiandum

To: Senator Glenn
From: Dand

January 29,1955

Subject: FHLBB rule-making on net worth and direct investment limitation.

1. You will recall That Keating, Alan irzensper, Grogan, eter, met with you on this subject, The attached letters remeted.

2. It

new appears that Ed Gray,
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SPECIAL COUNSEL

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JOHN GLENN

OHIO

Dear Earl

UNITED STATES SENATE
WASHINGTON, D. C. 20510

2/9/86

Many thanks for your letter and
-- much appreciated!

comments

The

the fund raising letter was indes sent to special lists, and I hope the response is as good as your impression indicates it might be.

the check to me a

couple of days ago.

help and I sinuray apreciate your
efforts, Carl.

Sive in tour.

me a

call next time you're

Best regards-
дава

PRINTED AT PRIVATE EXPENSE

SPECIAL COUNSEL