Bill Bennett: “In a perfect world, I would oppose the amendment with respect to the unitary thrift situation, but as the Senator from…”

“In a perfect world, I would oppose the amendment with respect to the unitary thrift situation, but as the Senator from Texas has made clear, we do not live in a perfect theoretical world. We have existing institutions who have obligations to their shareholders and who have past history. However much I might like to see the past history be different, it is as it is. Under those circumstances, I think we cannot penalize people who have gone forward on assurances from the Federal Government and say that those assurances will not now be honored just because we do not think they should have been given in the first place. For that reason, Mr. President, I will be joining with the chairman of the committee and voting as he does on this issue.”