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Congressmen tried to stop investigation

Richard A. Serrano and Stephen Braun of the Los Angeles Times used documents to report that “Reps. John T. Doolittle and Richard W. Pombo joined forces with former House Majority Leader Tom DeLay of Texas to oppose an investigation by federal banking regulators into the affairs of Houston millionaire Charles Hurwitz.” The lawmakers inserted regulatory agency investigation files into the Congressional Record, giving Hurwitz’s attorneys access to them. “Soon afterward, in 2002, the FDIC dropped its case against Hurwitz, who had owned a controlling interest in the United Savings Assn. of Texas. United Savings’ failure was one of the worst of the S&L debacles in the 1980s.”

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