Petition to the Office of Thrift Supervision and the Federal Deposit Insurance Corp.


Richard Stern
Division of Enforcement 
Office of Thrift Supervision 
1700 G Street NW Washington, DC 20006
fax #202/906-7005
Jeff Williams
FDIC
767 H Street NW
Washington, DC 20552
fax # 202/736-0676
 
Gentlemen:

It has come to our attention that you are currently engaged in an administrative law hearing against the MAXXAM Corporation, Charles Hurwitz and others regarding the $1.6 billion collapse and taxpayer bailout of United Savings Association of Texas. As a taxpayer and citizen, I wish to thank your agency for vigorously attempting to reclaim our money.

We want to urge you not to settle with MAXXAM and Hurwitz for pennies on the dollar in an out-of-court settlement. We want you to go after the full $1.6 billion that we bailed the S&L out for, plus any additional penalties and fines you can levy. If you conclude it is warranted, we would like you to pursue filing criminal charges against Mr. Hurwitz and any relevant associates. If everything you claim is true in your proceedings against him, then it would seem natural that you would recommend to the U.S. Justice Department that he be investigated.

Please do not let Mr. Hurwitz and MAXXAM off the hook. To do so would make a mockery of our democracy, the banking and court systems, and the American working family. Send the right message to those who would repeated violate the law. Please stand up for the American worker and taxpayer. Thank you.
 
 

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