. >> charles keating was a lawyer who got into banking and was able to buy a savings and loan., california, he used it as a private bank for his ambitions, like the venetian hotel, which cost $500,000 per room to build. >> that was a magnificent investment for savings and loans. no question but >> the problem is when our appraisers looked at it they said, it's not so bad, but it's worth 200 million point >> the block was the chief regulator who was really the guy who spearheaded going after keating. >> we discovered likely fraud, really basic things. things that no other spanker would do. the examiners looked at 52 real estate loans lincoln made. there were no credit reports on the borrowers in all 52. >> on top of that, charles keating has lincoln savings so uninsured junk bonds and he targets the widows and the retirement community. >> there were 22,000 customers who would buy $250 million of these bonds. >> we sold our home in sherman oaks. the husband had a stroke. we moved down here, went to lincoln savings. >> how much did you venture? >> you want to know? $30,000 and for