WASHINGTON - A House Banking Committee Democrat blasted Republicans for criticizing lending practices at the failed Madison Guaranty Savings and Loan while aiming to loosen bank regulations.

"The Republicans spent much of last week expressing their righteous rage about taxpayer dollars squandered on Madison Guaranty," said Rep. Carolyn B. Maloney of New York on Monday. "One can only wonder why they want to recreate the same regulatory environment which made the Madison Guaranty scandal possible.

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