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Congress and IPOs

July 13, 1994

Re your editorial "It's Time for Their 'Luck' to End," (June 29): It was interesting to note that of the eight people named as having profited from dealing in IPOs (initial public stock offerings), only one was a Republican, Sen. Alfonse D'Amato (N.Y.).

The remaining seven, ranging from Sen. Howard Metzenbaum (Ohio) to House Speaker Tom Foley (Wash.), are all Democrats. How will this impact the Democrats' often-repeated assertion that the Republicans are greedy, coldhearted, fast-buck artists?

FREDERICK G. ETHERIDGE

Oceanside

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