THE LONGER Senate investigators examine the relations between five senators and the failed savings empire of Charles H. Keating, the cozier they begin to look.
After nine months of examination, the Senate Ethics Committee has yet to authorize a formal study that could lead to charges of unethical conduct. But what committee staff has turned up so far seems to show that at least three of the five who took campaign contributions from Keating then did whatever they could to help get government regulators off his back.
One of those three, Sen. Donald W. Riegle, D-Mich., is actively involved in rewriting the laws regulating American banks as chairman of the Senate Banking Committee. The others are senators Dennis DeConcini, D-Ariz., and Alan Cranston, D-Calif.