Charles Keating

question 31

Multiple Choice

Charles Keating

• A) was allowed to acquire Lincoln Savings and Loan of Irvine, California, even though he had been accused of fraud by the SEC only four-and-a-half years earlier.
• B) fired Lincoln's conservative lending officers and internal auditors, even though he had promised regulators he would keep them.
• C) enlisted the help of five senators to delay the seizure of Lincoln's assets.
• D) did all of the above.

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Definitions:

Social Capital

The networks, relationships, and norms that facilitate collective action for mutual benefit within a society.

Trusting Relationships

Bonds between individuals or entities characterized by confidence, reliability, and the expectation of honesty.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Financial

Related to the management, investment, or collection of money, often within a business or organization.