Cranston and Lincoln S
It appears that the federal bailout of Lincoln Savings is going to cost us taxpayers in excess of $2 billion. The same news indicates that Lincoln Savings contributed in excess of $900,000 to the campaign accounts of Cranston.
The quorum of five senators, including Cranston, that intervened with the federal regulators prolonged the time before exposure of the problems at Lincoln Savings. During this extended operation period, many additional people lost money through the organization.
I would like to suggest that Cranston should certainly have a strong control over his various campaign accounts. He might well consider a donation to the federal Treasury of as much of the $900,000-plus.
This would help us taxpayers in footing the bill. It also should help get Sen. Cranston’s hand out of the cookie jar.
DALE N. PRICE
San Gabriel
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