Howard Metzenbaum: “You see, Mr. President, the Senator from New York voted on this very floor to strip a retroactive extension of the…”

“You see, Mr. President, the Senator from New York voted on this very floor to strip a retroactive extension of the statute of limitations from an RTC funding bill. The Senator from New York voted not to go after Madison Guaranty, and hundreds of other failed thrifts. In short, if the Senator from New York had his way, the statute of limitations on Madison would have expired 2 years ago. I cannot for the life of me understand the Senator's logic--if the Senator had his way, the Madison case would have been dead and buried 2 years ago. You can look up the Senator's vote: March 26, 1992. I have been fighting for the extension of the statute of limitations for a period of years. I have been looking for support, but I was not very able to get that support from the Senator from New York. March 26, 1992, was 26 days after the statute of limitations on Madison Guaranty Savings expired, and 3 weeks after the New York Times reported the Madison Guaranty Savings story. It is as plain as that. The Senator from New York voted to strip a retroactive extension from the bill. The Senator from New York voted to kill an extension that clearly would have covered Madison Guaranty Savings and Loan. For 21 months, the chance to sue Madison Guaranty Savings was nil. Nada. Zero. Zip. And just a couple of months ago, the Senator from New York voted to keep it that way.”