John Sarbanes: “I commend the able Senator from South Dakota because the amendment, as he was going to originally propose it, included…”

“I commend the able Senator from South Dakota because the amendment, as he was going to originally propose it, included this closing of the unitary thrift company loophole but maintained the existing law on the differential payment by the S&L's and the banks. The chairman offered that and it was accepted earlier this morning. I think the fact that it was embraced--and I think the adoption of that amendment should be taken in the context of this amendment--reflects an effort to come up with a very balanced approach on the part of the able Senator from South Dakota.”