On November 21, 1989, Ma. Roconary Stavart testified before the Committee
concerning Lincoln Savings. In both her written and oral statemente, Xa.
Stewart essentially adopted Lincoln's theory of the same regarding a purported
"vendetta" against Lincoln Savings. Xa. Stewart made exceptionally harsh
statements attacking my character and that of former Bank Board Chairman Oray.
Subsequently, Ka, Stewart was deposed by counsel for Lincoln's parent, ACG.
As this letter recounts, Xa. Stewart's deposition testimony (TR) is essential
in evaluating the charges made by No. Stewart to your Committee. I ask that
this letter be included in your hearing recoté.
Before the Comsittee, Xs, Stewart testified that:
[v]ith the benefit of 20/20 hindsight, I now believe that certain
Agency officiala wanted the (407] investigation pursued for the
Improper purpose of sondusting an investigation to build a case for
eriminal prosecution.
(Committon Hearing Transcript (Testimony), Part 3, p.274)
At her deposition, Xs. Stewart testified that it was her "suspicion" that Chairuan Gray and I were engaged in such an effort. (TR 335) In an effort to establish her basis for that suspicion, ACG's sounaal asked:
Vas that suspicion grounded on anything that, in part at least, on anything that Mr. Black over said to you?