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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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121889
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12188900.011
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1990-09-19
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BUSINESS, Page 58Business NotesSAVINGS AND LOANSHey, That's Not Me On TV
His seven-year-old bank is solidly profitable, a respected
institution in Encino, Calif. But John J. Keating, president of
Lincoln National Bank, is getting a bum rap all over town. The
banker and his institution are suffering from guilt by association
with Charles Keating, the savings and loan operator whose Lincoln
Savings and Loan of Irvine, Calif., was taken over by federal
regulators last April. Charles Keating is a subject of a
congressional investigation to determine if he tried to buy favors
from five U.S. Senators. John Keating, on the other hand, is not
even wanted for a traffic violation.
Even so, the double coincidence of names has unnerved
shareholders of the Encino bank, so John Keating will probably
change its name to avoid any more confusion. He jokes that he may
also rechristen himself Fielding Mellish, the name of the goofy
dictator in Woody Allen's 1971 movie Bananas.