Political Quotes

Toby Roth: “I mean we have a right to know not only as a Congress but as the American people why this savings and loan was kept open…”

On the recordFebruary 1, 1994
I mean we have a right to know not only as a Congress but as the American people why this savings and loan was kept open for 3 years after everyone knew that it was totally insolvent. Now, this morning we had a hearing in the Banking Committee. Congress, you know, has an obligation to exercise oversight on regulatory agencies. This morning we had Mr. Fiechter, head of the Office of Thrift Supervision, before our committee. I proceeded to ask him about the December letter that the minority members--your friends-- wrote, and asked, requesting copies of dozens of documents relating to the failed Madison Guaranty Savings & Loan. You know what he said? This is going to surprise you. He is not going to give those documents to the minority committee.
Said by
Toby Roth
Republican · Wisconsin
Source
govinfo.gov

Editor's note · Context

The speaker addresses oversight and accountability regarding the failed Madison Guaranty Savings & Loan.

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