It would be nice to think that, if the occasion arises, the Senate Banking Committee will investigate carefully what Mr. Greenspan really knew of Lincoln Savings and Loan and about Mr. Charles Keating back in February of 1985. The Senators should ask what Greenspan did to assure himself of the accuracy of his knowledge, before drafting his influential letter and before collecting another Keating fee. Hard to say. Charitably, I'd guess that Mr. Greenspan was simply seduced by Mr. Keating. Indeed, given what we know so far, the republic would be safer if the President named his wife to the job.
Comments welcome at .