FEDS CONCEAL KEATING CRIMES

by Brian Downing Quig
When seen publicly in Phoenix, Arizona, Charles Keating never appeared to be a worried man. It was obvious that he had all his bases covered. When he took his AMERICAN CONTINENTAL CORPORATION (ACC) into chapter 11 in April of 1990, its subsidiary LINCOLN SAVINGS AND LOAN was considered the most flagrantly looted S & L in the nation. The bail out of LINCOLN required a record 2 billion tax payer dollars. Ordinary men would have been concerned in Keating's place. But Keating was not ordinary.

Steven Pizzo, author of INSIDE JOB; THE LOOTING OF AMERICA'S SAVINGS AND LOANS, turned up a DEFENSE INTELLIGENCE AGENCY telex indicating that Keating's chief pilot, Kenneth Qualls, arranged the flight for Hiedrich Rupp, the alleged pilot that flew William Casey to Paris for the "weapons for hostage release delay" deal with the Iranians that is the basis of Barbara Honegger's book, OCTOBER SURPRISE. This flight plan was arranged in October of 1980, 8 months after Qualls left the employ of Keatinag to become chief pilot for x-president Gerald Ford. This is just one indication of many to follow of Keating's high level associations with the intelligence community.

Shortly after the Chapter 11 the Feds made a 1:00 AM raid on the PHOENICIAN the $300 million dollar ultra luxury resort hotel that Keating build with the depositor's money from LINCOLN SAVINGS. At 4:00 AM Keating was observed at a back entrance, directing bellmen in the loading of 24 cartons of files into his RV. When Andy Hall, a reporter for the ARIZONA REPUBLIC asked the Feds about this they admitted that they let him take these "because they were his personal correspondence" --- like letters to his family. This response ordinarily would have raised a red flag but a reporter learns quickly when working for a monopoly newspaper owned by the Quayle family not to become too inquisitive in circumstances like this. The federal investigation of Keating is totally compromised.

Probably the most damning indication that the Feds are protecting Keating is the cloud which hangs over the title of the property adjoining Keating's ACC headquarters property. This property which was purchased in 1985 by Keating for the Phoenix branch of LINCOLN SAVINGS cannot be sold! GRAND CANYON TITLE AGENCY, INC. boldly states "We are unable to locate a deed from the ENDOWMENT AND FOUNDATION REALITY PARTNERSHIP to the group who deeded out the title to the last deed of Public record, FIRST LINCOLN FINANCIAL SERVICES. We have consulted another title company, with a different chaining system, and they also were unable to locate the transfer."

Since this property cannot be sold could it be that is why the RESTITUTION TRUST CORPORATION (RTC), chose to locate their operation in this facility? Does their locating there disguise this little problem until after the heat and litigation has died down? The government's attorneys working for the RTC have been presented this information and more and it does not seem to bother them.

Granting that there are probably 10 books which could be written on the dealings of Charles Keating, (Pete Brewton of the HOUSTON POST and Dale Van Arsdale of JACK ANDERSON ASSOCIATES are hard at work on separate books as you read this) what can be delivered in a series of short articles like this must be limited. To pique the interests of the readers of the next issue let us introduce the associations of Walter J. Bush, the nephew of the president to the business affairs of Mr. Keating.

Those readers following the S & L debacle will be familiar with the trouble Neal Bush, and Jeb Bush, the son and brother of President George Bush have found themselves in vis a vis the alleged looting of S & Ls they were closely associated with. Walter's situation could very well become the straw which breaks the camel's back.

Keating's ACC headquarters property is located at 2735 E. Camelback Road. The LINCOLN SAVINGS property (also owned by Keating) adjoins this property at 2747 East Camelback. Adjoining the LINCOLN property is a 1.475 acre property owned by Walter J. Bush! And what is more astounding is the great marquee out front which boldly proclaims AMERICAN CONTINENTAL LAND INVESTMENT CORPORATION! Of course Walter quickly vacated the building the week that Keating took his company Chapter 11 but seems to have lacked the where-with-all to have removed this banner.

What is most puzzling about all this is the fact that Walter was using the name AMERICAN CONTINENTAL long before Keating purchased the company AMERICAN CONTINENTAL from his mentor, Carl Lindner, AMERICAN FINANCIAL CORPORATION, in 1979. Lindner, who is a much bigger player than Keating, owned 7 S & Ls which went belly up but remainds virtually unmentioned in this scandal. Lindner is reputed to be one of the 10 wealthiest men in America.

The Arizona incorporation papers of Walter's predecessor company, AMERICAN CONTINENTAL LIFE INSURANCE COMPANY, list as incorporators Walter J. Bush, Moenchhofstrasse 1, Kilchberg/Zuruch Switzerland; Elmer E. Little, 5548 Lancaster Drive San Diego, Ca.; John J. McGrath, 1820 West Townley Avenue, Phoenix, Arizona; John J. Falcomer, Jr., 5407 East Virgina Avenue, Phoenix, Arizona; and Edward J. Shelley, 903 West Eleventh Street, Mesa, Arizona.

While no connections seem to exist on paper between this company, or Walter's company, AMERICAN CONTINENTAL LAND INVESTMENT CORPORATION, with ACC, Charles Keating or Carl Lindner, the resources to probe this matter properly have not been available.

Brian Quig is Director of Research for INTELLIGENCE CONNECTION, a for profit organization which provides speakers to universities, corporations and associations with the intent to illuminate significant events within the U.S. intelligence community which are otherwise blacked out by major media. To arrange events call 602-921-5440.

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