| {\an8}[man 1] Today the United States Senate
Committee on Government Operations |
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| {\an8}begins hearings
on federally insured banks. |
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| We are concerned whether existing laws
are adequate to guarantee |
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| the character, experience, and integrity
of people who acquire such banks, |
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| which are the cornerstones
of American capitalism |
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| and the foundation of the American dream. |
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| [man 2] Be careful in there, Bernard.
They want to make an example out of you. |
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| [man 1] Committee calls Bernard S. Garrett
to testify. |
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| Mr. Garrett,
I think you understand the stakes. |
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| {\an8}[man 3] Carlyle and Spring? |
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| {\an8}[man 4] Right. Annual rental income
80,000, which is strong, |
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| but Mr. Miller wants us
to use a six multiplier to value it. |
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| [man 3] That's too high. |
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| [man 4] He's coming in an hour
to negotiate on it. Maybe you can step in. |
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| [man 3] All right. |
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| Boy does a pretty good shine. |
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| [man 4] Harder worker than most of 'em. |
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| There may not be comps in Willis, |
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| but take a look at
the other properties I own in the county. |
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| A six multiple is reasonable. |
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| [man 3]
Your other buildings are in Conroe, |
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