The Senator from New York has been righteously proclaiming a passionate belief that the statute of limitations should be extended in order to recover taxpayer losses in the Madison Guaranty failure. That is a terrific joke. I compliment the Senator from New York for his ability to carry it out with a straight face. Because the Senator from New York--just 2 months ago, voted against extending the statute of limitations on suing officers and directors of failed S&L's like Madison. I say to the Senator from New York, where were you when I needed you? Where have you been? What caused this complete conversion? I can hardly believe my ears when I hear the Senator argue for an extension of the statute of limitations.
Editor's note · Context
Metzenbaum responds to a colleague's comments on extending the statute of limitations related to taxpayer losses.
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