August 2, 1994 - Part 8
August 2, 1994 - Part 8
(20:00:32) Mr. ALTMAN. I would have done it sooner. I didn't, you know I didn't think about it until the very end of January, or the 1st of February because of the Ricki Tigert matter, so it wasn't on my mind for a great deal of time. But when I began to think about it I then took 3 weeks to make that decision and I should have taken 1 day. Senator MOSELEY-BRAUN. Well, I think that will I'll conclude my questions and reserve the remainder of my questions for the second round, if we ever get to it this year. Senator SARBANES. Thank you very much. The CHAIRMAN. Thank you very much, Senator MOSELEY-BRAUN. Senator Hatch. Senator HATCH. Thank you, Mr. Chairman.,- Mr. Altman, I'm going to ask you about a telephone conversation you had with Harold Iles and George Stephanopoulos. It was on February 25. Do you remember having that telephone conversation? Mr. ALTMAN. Yes, Senator, I do. Senator HATCH. In that call, according to your testimony in the deposition Mr. Ickes and Mr. Stephanopoulos raised with you the manner of the RTC's hiring of Jay Stephens as Outside Counsel in the Madison Guaranty case; right; Mr. ALTMAN. Yes, Senator Senator HATCH. They were both very upset by the fact that the RTC had actually retained the Pillsbury, Madison & Sutro law firm with Jay Stephens at that time or, at least, Jay Stephens? Mr. ALTMAN. Well, that was my sense es Senator HATCH. And they asked you how they had been hired; isn't that right? Mr. ALTMAN. In essence, yes. Senator HATCH. You understood from this telephone call that Mr. Ickes and Mr. Ste phanopoulos would have preferred that Jay Stephens not be hired nor working on the Madison Guaranty matter. That was, in essence, what you understood as well? Mr. ALTMAN. I understood the were unhappy that he had Senator HATCH. Sure. After this is telephone conversation, then did you speak about it then with Mr. Joshua Steiner; is that right? Mr. ALTMAN. At some point that day I did, yes, Senator. Senator HATCH. That's what he says. And you told Mr. Steiner you thought Mr. Ickes and Mr. Stephanopoulos were unwise to have called you about Jay Stephens. Mr. ALTMAN. Yes, sir, Senator HATCH. That's your own deposition, Mr. ALTMAN. Yes, sir. (20:02:29)(tape #10072 ends)