Cranston and Lincoln S&L; Scandal
Hooray for Shirley Lampel! It took guts to disrupt one of Sen. Alan Cranston’s political forums on behalf of 23,000 holders of worthless junk bonds sold by Lincoln Savings & Loan (“Cranston’s Promise on Bonds Told,” Dec. 17). But some folks will believe anyone and anything. After trusting Lincoln and losing her savings, how can Lampel be “absolutely positive” Cranston will keep his pledge to help the bondholders after his unabashed acceptance of some $900,000 in political contributions through Lincoln’s President Charles Keating?
It’s naive to presume a cunning, unconscionable and obsessed political animal like Cranston is interested in helping anyone but himself. After some two decades dedicated primarily to the job of raising funds and getting reelected, does Lampel truly believe Cranston is really interested in helping anyone but himself while he lies atop the political trash heap? Is she blind to the fact that Cranston spent the past couple of years fiddling with Keating’s political contributions while the bondholders burned?
NORMAN JACOBSON
Los Angeles
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
