August 1, 1994 - Part 3
August 1, 1994 - Part 3
(14:35:13) 71 Senator BOXER. I urge you to do that, There was lots of talking, in my opinion, inappropriately, by the White House staff. We're here to function as a Government, to live with the services people need, to have an economic strategy for this Nation, which we finally have on course, and many other things. It seems to me to be a waste of time to rap to one another about what may or may not be something the press is going to write about. It's a hum-an instinct , but I think it doesn't serve any of us well. I believe, by the way, that lesson has been learned. If we're to believe Mr. Cutler, and I believe he's an honorable person, he essentially said too much talking on and on. As I look at it, Mr. Chairman, I'll close here at this point, Where were the pressure points on these people? There were a couple of pressure points, but they came from Members of Congress. I think that's the news of the day. Ms. Kulka testified that outside of Members of Congress suggesting bow to handle Whitewater, in doing tolling agreements and all that, no one else got involved in anything to do with this matter. I'm not saying the pressure was inappropriate. Don't get me wrong. A meeting was set up by Senator DAmato and, as I understand it, on further discussion with the Chairman, the Chairman had nothing to do with that meeting. That meeting was set up by Senator DAmato. He summoned, or summoned through his staff, Mr. Ryan, who never before bad ever come up to the Hill, to answer these types of questions, There was pressure put on, but, as far as I'm concerned, the pressure did not come from Mr. Altman, Ms. Hanson, the Treasury, or White House officials. While there was altogether too much talking, the pressure points didn't come from the White House. Ironically, it seems to me, more pressure was coming from the Congress. I'm finished. The CHAIRMAN. Yes, I know. I'm just checking to make sure we covered everybody who wanted to be recognized on the first go around. We're starting down the second time. Senator Hatch has spoken so it would be Senator Faircloth's opportunity. Senator FAIRCLOTH. Thank you, Mr. Chairman. The CHAIRMAN. We'll come right down the table on that side and this side in rotating order. provided document Senator FAIRCLOTH. On the question that the RTC ' to Representative Leach, in addition to placing the RTC's legal brief in their action with Mr. Leach in the record, I would also move that Re presentative Leach's brief in that case be made a I part of this record. The CHAIRMAN, Can I take that under advisement? I have no idea what's within the scope of what they've assembled, and I want to make sure some of the stuff they have doesn't go beyond our scope requirement. I'd be happy to look at that. I'm not familiar with it. If I can reserve on that, we'll take a look at it and if there's no problem we'll put it in. Senator FAIRCLOTH. No problem. Ms. Kulka, earlier, Mr. Ryan confirmed that the RTC has in its Possession a report prepared by Memphis attorney Stanley HugOns, known as either the Huggins report or the Garish report. Ms. Kula', have you seen this report? Ms. KuLKA. I've seen a report by Mr. Garish. 72 Senator FAIRCLOTH. Has anyone at the White House or one of their personal attorneys contacted you about it? Ms. KULKA. No, sir, Senator FAIRCLOTH. Do you know it anyone outside of the RTC has a copy of the report? Ms. KULKA. I have DO way of knowing, sir. Senator FAIRCLOTH. I understand that you moved from the Office of Thrift Supervision to the Resolution Trust Corporation about the middle of January 1994. Ms. KULKA. That's correct. Senator FAIRCLOTH. Your second workday you begin to discuss' the matter of Madison Guaranty Savings & Loan with Roger Alt Senator FAIRCLOTH. Only Madison. Ms. KuLKA. That's correct. Senator FAIRcLoTH. The investigation of Madison was the only investigation you discussed with him. So, as far as you know, Madison was the only RTC investigation that any RTC staff briefed Mr. Altman on. Ms. KuLKA. I don't know, sir, but that's the only one where we received so many congressional inquiries at that time. Senator FAIRCLOTH. But that's the only one you talked to him about. Ms. KuLKA. That's correct. Senator FAIRCLOTH. How many times did you discuss Madison: Guaranty with Mr. Altman? Ms. KuLKA. To the best of my recollection, other than the briefings for the oversight board hearings, it may have been 2 or 3 times. Senator FAIRCLOTH. Do you remember the dates? Ms. KuLKA. I really don t, sir.