Question

What scandal led to the investigation of five senators because of five senators because of the collapse of many financial institutions?

Answer 1

Credit Mobilier Scandal

Answer 2

The Keating Five.

Step-by-step explanation

It was a scandal that took place in 1989 accusing five United States Senators of corruption. The five of them were accused of improperly intervening on behalf of Charles Keating Jr. Chairman of the Lincoln Savings and Loan Association.

The Association collapsed in 1989 and the senators involved were given substantial political contributions by Keating before that happened. When the FHLBB began investigating Charles the senators interfered with the investigation.

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