S&L; Debacle Cited, Congress Probe Set on Trump, Banks
Donald Trump’s crumbling real estate empire will be examined next month at a hearing called by House Banking Committee Chairman Henry B. Gonzalez (D-Tex.), it was revealed today.
Gonzalez said aggressive oversight is needed now to ensure that banks do not go the way of the thrift industry.
Gonzalez, who had staff investigators in New York last week, has asked bank regulators and Trump lenders to testify at the hearings, to begin Aug. 9.
Citicorp, the nation’s biggest bank group and a Trump lender, has been asked to testify, according to one source, and Chase Manhattan Corp., also involved with Trump, may be summoned as well.
In addition, Trump and representatives of the Trump Organization will be asked to appear, a committee spokesman said.
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