[Congressional Record Volume 140, Number 7 (Wednesday, February 2, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 2, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                          WHITEWATER HEARINGS

  (Mr. DOOLITTLE asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. DOOLITTLE. Mr. Speaker, yesterday, the chairman of the House 
Banking Committee, in answer to the question, ``Will hearings be held 
on the Madison Guaranty Saving And Loan affair?'' replied, ``Yes, they 
will.''
  That was the first good bit of news we have heard so far on this 
issue. Unfortunately, it was a short-lived moment. Later in the day, 
the chairman retracted his statement.
  Obviously, the Democrat leadership and the White House would rather 
keep the chairman off this case.
  We all know and respect the investigative abilities and dogged 
determination of the Banking Committee chairman, the distinguished 
gentleman from Texas.
  It seems to me that the Madison Guaranty Savings and Loan is a worthy 
subject to investigate. It had many ties to powerful politicians, it 
engaged in many questionable activities, and it cost the taxpayers a 
great deal of money.
  It is a shame that the chairman changed his mind on Madison. We need 
to have the Congress look into this matter for the good of the American 
taxpayer.

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