Doolittle and Pombo sabotaged the investigation by putting sensitive documents into the congressional record thereby making them public record. They inserted so many documents into the record that they had to pay $20,000 out of their congressional accounts to cover the additional printing fees. Sorry kids, no bonuses this year, we gotta bail out a billionaire.
The FDIC's take from the Times:
The FDIC was outraged over the documents' release.
Its chief spokesman, Phil Battey, said in a statement to the Sacramento Bee at the time that the publication of the materials was a "subordination … and a seamy abuse of the legislative process."
The FDIC, which was originally seeking to recover $300 million from Hurwitz had to end up settling for $200,000.
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