that's the latest estimate of what the failure of hundreds of federally insured savings and loans will eventually cost american taxpayers. >> mr. keating, did you make bail? >> no questions. >> the once rapid growth of keating's failed lincoln savings and loan in california, the majority of bonds bought by seniors, many losing their life savings. >> charles keating was convicted in two trials, but both of those verdicts were overturned, and then he pled guilty to avoid a retrial and was allowed out for time served. >> the climate had gone from celebrating the excesses of wall street to condemning them pretty quickly. >> tonight's headline, milken pleads guilty in what may be the largest individual case of fraud ever to rock wall street. the case which ended in a plea
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