Word: altmans
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...Roger Altman probably knew his days were numbered when Bill Clinton issued a tepid, one-sentence endorsement of his college chum and campaign fund raiser. In a statement released by Treasury chief Lloyd Bentsen last Monday, Clinton said, "I believe that Roger Altman has been an excellent Deputy Treasury Secretary, and we want him to continue in that capacity." In Washington, where what isn't said is often more important than what is, those less than bracing words of support could have another translation: "Pack your bags...
...Altman could be forgiven if, four days later, he thought he heard moving vans coming up the driveway. On Friday the Senate Banking Committee opened hearings on whether White House and Treasury officials had intervened in a federal investigation of a failed Arkansas savings and loan with ties to the Clintons. Republican Senators charged Altman not only with lying to Congress about the extent and nature of those contacts but also with breaking federal rules of confidentiality by telling the White House about the progress and timing of the probe. Altman was in a good position to know. From March...
...Altman, the new accounts of his disclosures to the White House could prove fatal. "Mr. Altman forgot," Senator Christopher Bond of Missouri told TIME, "that his job is to serve the nation, not just his old friend. Therefore, I believe his time is up and it's time...
...Attorney General Janet Reno, a Clinton appointee. Today's development could mean that the entire Whitewater investigation into possible improprieties by the Clinton Administration will have to start from square one. Meanwhile, Congressional hearings wound down with Republicans continuing to call for the resignation of Deputy Treasury Secretary Roger Altman. Today's highlight was a sharp exchange in which White House counsel Lloyd Cutler lashed out at Republican members of the Senate Banking Committee for their partisanship. "You come from a party which while it held the White House was responsible for Watergate and Iran-contra," he said.WHAT NEXT? Expect...
...that Altman has finished two grueling days of interrogation, what do you suppose he intends to do? Sleep? Nah: he's going to the Rolling Stones concert, he says...