What rating was earned by a luxry resort in Scottsdale financed by a banker involved in the savings and loan scandal of the late 1980?
AAA Five-Diamond rating
Phoenician Resort Phoenician Resort Charles Keating
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s.  The five senators – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan) – were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB).  The FHLBB subsequently backed off taking action against Lincoln.
Charles Humphrey Keating Jr. (December 4, 1923 – March 31, 2014) was an American athlete, lawyer, real estate developer, banker, financier, and activist best known for his role in the savings and loan scandal of the late 1980s.
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
The Phoenician Resort is a luxury resort in Scottsdale.  Built on the grounds of the historic Jokake Inn, the resort opened in 1988, a project of financier Charles Keating.  The resort has been awarded a AAA Five-Diamond rating.
The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s.  It also took over the insurance functions of the former Federal Home Loan Bank Board (FHLBB).
Sarver was born to a Jewish family in Tucson, the son of Irene and Jack Sarver.  His father was a prominent Tucson businessman, banker and hotel developer (the elder Sarver built the Aztec Inn, the Plaza International Hotel (now an Aloft Hotel) at Speedway and Campbell in Tucson in the early 1970s, built and operated the Tucson area Howard Johnson's locations, and headed a local savings and loan).  Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate to his alma mater, the University of Arizona, funds to its heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.  At age 16, he went to work for his father's company, American Savings and Loan.  Sarver is a 1979 graduate of Sabino High School in Tucson and a 1982 graduate of the University of Arizona with a bachelor's degree in business administration.  In 1983, Sarver became a certified public accountant.
David Hale is a former Arkansas municipal judge and former Arkansas banker.  He alleged the charges that resulted in the Whitewater scandal trials.  He worked with Jim McDougal on $3 million in loans from a lending company he ran.  He pleaded guilty and went to jail for conspiring to defraud the Small Business Administration in looting the funds from a dummy business that he established.  He was sentenced to two years and four months in prison for fraud unrelated to the Whitewater deal.  As part of his guilty plea in looting money from an insurance company, he provided the allegations for the Whitewater scandal and testimony for its investigators.  He testified in the trial of Jim and Susan McDougal in 1989 when the Madison Guaranty Savings and Loan originally failed, and never mentioned Clinton in a detailed account of the $300,000 loan at that time
The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.
The Lincoln Savings and Loan Association of Irvine, California was the financial institution at the heart of the Keating Five scandal during the 1980s savings and loan crisis.
The Garn–St Germain Depository Institutions Act of 1982 (Pub.L.  97–320 , , enacted October 15, 1982) is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans.  It is disputed whether the act was a mitigating or contributing factor in the savings and loan crisis of the late 1980s.
Keating Five Charles Keating Savings and loan crisis Phoenician Resort Resolution Trust Corporation Robert Sarver David Hale (Whitewater) Countrywide Financial political loan scandal Lincoln Savings and Loan Association Garn–St. Germain Depository Institutions Act
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s.  The five senators – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan) – were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB).  The FHLBB subsequently backed off taking action against Lincoln.
Keating Five
Charles Humphrey Keating Jr. (December 4, 1923 – March 31, 2014) was an American athlete, lawyer, real estate developer, banker, financier, and activist best known for his role in the savings and loan scandal of the late 1980s.
Charles Keating
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
Savings and loan crisis
The Phoenician Resort is a luxury resort in Scottsdale.  Built on the grounds of the historic Jokake Inn, the resort opened in 1988, a project of financier Charles Keating.  The resort has been awarded a AAA Five-Diamond rating.
Phoenician Resort
The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s.  It also took over the insurance functions of the former Federal Home Loan Bank Board (FHLBB).
Resolution Trust Corporation
Sarver was born to a Jewish family in Tucson, the son of Irene and Jack Sarver.  His father was a prominent Tucson businessman, banker and hotel developer (the elder Sarver built the Aztec Inn, the Plaza International Hotel (now an Aloft Hotel) at Speedway and Campbell in Tucson in the early 1970s, built and operated the Tucson area Howard Johnson's locations, and headed a local savings and loan).  Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate to his alma mater, the University of Arizona, funds to its heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.  At age 16, he went to work for his father's company, American Savings and Loan.  Sarver is a 1979 graduate of Sabino High School in Tucson and a 1982 graduate of the University of Arizona with a bachelor's degree in business administration.  In 1983, Sarver became a certified public accountant.
Robert Sarver
David Hale is a former Arkansas municipal judge and former Arkansas banker.  He alleged the charges that resulted in the Whitewater scandal trials.  He worked with Jim McDougal on $3 million in loans from a lending company he ran.  He pleaded guilty and went to jail for conspiring to defraud the Small Business Administration in looting the funds from a dummy business that he established.  He was sentenced to two years and four months in prison for fraud unrelated to the Whitewater deal.  As part of his guilty plea in looting money from an insurance company, he provided the allegations for the Whitewater scandal and testimony for its investigators.  He testified in the trial of Jim and Susan McDougal in 1989 when the Madison Guaranty Savings and Loan originally failed, and never mentioned Clinton in a detailed account of the $300,000 loan at that time
David Hale (Whitewater)
The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.
Countrywide Financial political loan scandal
The Lincoln Savings and Loan Association of Irvine, California was the financial institution at the heart of the Keating Five scandal during the 1980s savings and loan crisis.
Lincoln Savings and Loan Association
The Garn–St Germain Depository Institutions Act of 1982 (Pub.L.  97–320 , , enacted October 15, 1982) is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans.  It is disputed whether the act was a mitigating or contributing factor in the savings and loan crisis of the late 1980s.
Garn–St. Germain Depository Institutions Act
What rating was earned by a luxry resort in Scottsdale financed by a banker involved in the savings and loan scandal of the late 1980?
What rating was earned by a luxry resort in Scottsdale financed by a banker involved in the savings and loan scandal of the late 1980?
What rating was earned by a luxry resort in Scottsdale financed by a banker involved in the savings and loan scandal of the late 1980?