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Political Faith

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I’m surprised that Shirley Lampel, the lady who purchased worthless bonds from Lincoln Savings, would place such faith in the promise of a politician already campaigning for his Senate seat.

How ironic that Sen. Alan Cranston (D-Calif.) is trying to blame the very regulators who wanted to take action against Lincoln Savings until the senator put the political screws on them. It seems that Cranston would have the taxpayers pay out another $200 million to help him get reelected.

If Cranston sincerely wants to help, I suggest that he put to use that $900,000-plus he received for helping Charles H. Keating Jr. stay in business: What could be more just than having Keating’s money recoup some losses his victims incurred?

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LARRY SHANK

El Toro

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