Duncan Faircloth: “I think it is a sad procedural tool to be stopping the Senate…”

On the recordFebruary 29, 1996

I think it is a sad procedural tool to be stopping the Senate investigation at this point with the somewhat feeble excuse that it has gone on too long and it is costing too much, simply because we are rapidly getting to the heart of Whitewater. The savings and loan crisis cost taxpayers $150 billion. Madison, the one that served as the pool of money in Little Rock, lost $68 million and maybe more. And 80 percent of the Arkansas State-chartered savings and loans--80 percent of them; one of the highest in the Nation--failed while Bill Clinton was Governor. This cost the American taxpayers $3 billion in failed Arkansas savings and loans while Bill Clinton was Governor. Mr. President, I strongly urge my counterparts on the other side of the aisle to stop the filibuster of this resolution, let the truth come out.

Said by

Duncan Faircloth

Republican · North Carolina

Source

govinfo.gov

Editor's note · Context

Addressing the Senate investigation into the Whitewater controversy and the savings and loan crisis.

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Duncan Faircloth: “I think it is a sad procedural tool to be stopping the Senate investigation at this point with the somewhat feeble…”

Editor's note · Context