as the Congress begins the new session it is disturbing to read in the front page of the newspaper that people's opinion of the Congress is at an all-time low. The savings and loan crisis is just one of the issues that has eroded public trust and confidence in Congress. That is only one of the compelling reasons for Congress to exercise its obligation to have congressional legislative oversight hearings, and that is why congressional leaders must stop sweeping the White-water scandal under the rug. Mr. Speaker, the Committee on Banking, Finance and Urban Affairs and its oversight subcommittee must hold hearings on Whitewater. After all, Madison Guarantee Savings and Loan cost the American taxpayers over $50 million. I have asked both the Committee on Banking, Finance and Urban Affairs chairman and subcommittee oversight chairman to hold hearings, but to no avail. I ask them again to stop ignoring this problem, and to stop this coverup, and have Congress perform its obligations to the American people. Mr. Speaker, the Committee on Banking, Finance and Urban Affairs is AWOL. It is time to find a chairman and to hold hearings to let the American people truly know what happened in Whitewater.
Editor's note · Context
The speaker addresses the need for congressional oversight hearings on the Whitewater scandal.
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