Word: leached
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...veteran of the Reagan and Bush Administrations, he speaks wishfully of Dan Quayle's political future. "If President Quayle asked me to become the solicitor general again, I'd do it," he told TIME in a recent interview. His appointment has Republicans cheering and Democrats worried. Republican Congressman Jim Leach of Iowa calls Starr's credentials "impeccable." A Clinton adviser labels Starr "a partisan...
...fact, it was only the possibility of scoring partisan points that tempted Republicans into agreeing to hold hearings now. At a meeting of G.O.P. congressional powers back in March, Iowa Representative Jim Leach, who by then had emerged as his party's leading Whitewater prober, protested that the timing looked all wrong. The hearings, he noted, could delve only into matters that special counsel Robert Fiske had finished investigating. By midsummer that would include only developments in Washington -- not any financial and real estate dealings in Arkansas by Governor Bill Clinton and his wife. Moreover, says someone familiar with...
...probers not look into the removal of papers from the office of White House counsel Vincent Foster after his suicide in July 1993 because the special counsel is still investigating that. Gonzalez has ruled out any questions in his House panel about any aspects of Foster's death. Leach once asserted that a midsummer probe could look into only 5% of all the questions concerning Whitewater; last week he reduced that estimate...
...Washington aspects of the Whitewater affair, in hearings that one official glumly predicted will be highly partisan, and "very rigorous and unpleasant." Fiske, meanwhile, will continue the Arkansas phase of his investigation into the Clintons' investments in the Ozarks real estate development known as Whitewater. Last week Representative James Leach, the Iowa Republican who has pressed the congressional inquiry, observed ominously that the Fiske report "covers about 5% of the Whitewater affair." For the moment, however, it is enough for the President and his partisans that they have emerged from their first formal test unscathed...
...vigilance. Astonishingly, institutions like banks, insurance companies and brokerage houses now hold trillions of dollars of unregulated derivatives contracts that are not recorded on their books. Thus no one, including the firms themselves, knows just what pressures may be building up. In an effort to remedy that, Congressman James Leach of Iowa, the ranking Republican on the House Banking Committee, sponsored a bill last January to create a federal derivatives commission with broad oversight authority. And the Comptroller of the Currency has begun to require banks to disclose the dollar value of all the derivatives contracts they hold that have...