Word: leached
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Dates: during 1990-1999
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Iowa Republican Jim Leach, ranking minority member of the House Banking Committee, makes this charge explicitly. Says he: "The effect is that the money that flowed into the Clinton campaign to pay back a personal loan of the Clintons' ends up being deferred public financing of a campaign, and not by choice. That is, the money in effect came from an insolvent thrift ((institution)), paid back later by the federal taxpayer" in the form of reimbursements to money-losing depositors. Nothing has been proved, however, and Clinton has denied any knowledge of money improperly diverted into his campaigns...
...STATE REGULATORS GO EASY ON MADISON GUARANTY IN RETURN FOR FAVORS TO THE CLINTONS? This is another charge leveled by Leach, who cannot conveniently be accused of blind partisanship. He is, in fact, perhaps the least partisan Republican in the House. One reason for the contention: at the start of 1985, Clinton appointed Beverly Bassett Schaffer as head of the state department that regulates S&Ls. Later, Schaffer approved a proposal for an unusual stock sale to shore up McDougal's already troubled S&L. The proposal was presented by none other than Hillary Clinton, acting as attorney for Madison...
...point. Even if he were to decide otherwise, he has suffered a mental breakdown. Susan McDougal is separated from him; last week she pleaded not guilty to a California indictment charging her with embezzling $200,000 from symphony conductor Zubin Mehta, whom she served as a financial adviser. Even Leach concedes the whole affair has no potential to be another Watergate; it is entirely possible the Clintons will never face any penalties at all or be asked only to repay some money to Madison Guaranty depositors and be accused of a conflict of interest. Still, even by the standards...
...most recent disaster is Summitville in the San Juan Mountains of southern Colorado. Over the plane's intercom, Flynn tells its shabby history. In all, some 280,000 ounces of gold were extracted, worth $98 million at today's price of $350 per oz. But the mine's leach pad, designed to catch sodium cyanide flushed through pulverized rock to dissolve gold, had been installed badly, in midwinter. It leaked, and the resulting solution of heavy metals in the acidic drainage poisoned 17 miles of the Alamosa River, which waters farms and ranches in the San Luis Valley. After...
More than anything else, the showmen are worried that the pumped-up glamour and hype on which their businesses depend will leach away if audiences can pick and choose and consume in electronic solitude. "We are standing on a revolutionary threshold," says MCA's Teller of on-line delivery. "But I don't believe the highest form of human existence is sitting at home in a cocoon downloading digital bits...