In the absence of a tolling agreement or lawsuit, the RTC and the American people would lose the opportunity to recover taxpayers' money that it might be entitled to in the Madison bailout. And, I think it is fair to assume that would be a pretty bleak picture to spell out to the American taxpayers, given that we are talking about people in high positions that this might touch upon. It could even have been said they have been given a free ride at the expense of the American taxpayers.
Alfonse D'Amato: “In the absence of a tolling agreement or lawsuit, the RTC and the American people would lose the opportunity to recover…”
Editor's note · Context
D'Amato discusses the implications of a lack of legal action regarding taxpayer recovery in the Madison bailout.
Share
More from Alfonse D'Amato
I understand that my good friend and colleague from Alaska, Senator Murkowski, chairman of the Senate Energy and Natural Resources Committee, has recently introduced legislation which would amend the Export-Import Bank Act of 1945 to…
I naturally would prefer to pass this legislation now and have the Department begin looking into possible anti-competitive activities, but I understand the distinguished Chairman's position. In addition, I realize this FAA Reauthorization…
Community development credit unions must meet the bill's capital requirements like any other credit union. At the same time, there is a transition period, and the bill's prompt corrective action provisions give the NCUA sufficient…
Let me again suggest that with those two changes, the change of the 750,000 tons, which the Senator has already made in his amendment, and that of changing the 1999 agreement to reflect the amount exported in 1996, if the Senator would…