
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, July 20, 1990                   TAG: 9007200589
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A/4   EDITION: EVENING 
SOURCE: Associated Press
DATELINE: WASHINGTON                                LENGTH: Short

RIEGLE TO GIVE AWAY S&L MONEY

Senate Banking Committee Chairman Donald Riegle says he is giving away the campaign money he got from savings and loan interests and will accept no more.

"The magnitude of the problems in the S&L industry - stemming from multiple causes over a 15-year period - leave a shadow across the industry and across any campaign contributions from that industry," Riegle, D-Mich., said in a statement Thursday.

Riegle is one of five senators under investigation by the Ethics Committee for intervening with federal regulators on behalf of Charles Keating, former owner of the failed Lincoln Savings and Loan. The government seized the Irvine, Calif., thrift last year, a move expected to cost taxpayers $2 billion.

Riegle said he would give the government about $120,000. He returned $78,250 in 1988.

by CNB