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...second day of congressional Whitewater hearings, former presidential counsel Bernard Nussbaum repeatedly denied he had tried to influence the government's investigation into Madison Guaranty Savings & Loan. Nussbaum resigned in April under accusations of mishandling the affair. While he admitted he had been shocked by the Resolution Trust Corporation's appointment of Jay Stephens, a former Republican federal prosecutor and a sharp Clinton critic, to investigate the failure of the savings institution, he said he had not attempted to remove Stephens. Nussbaum was followed by the "White House 10" -- high-level Clinton Administration officials, who all copped a plea...
...Whitewater investigation, White House Counsel Lloyd Cutler told Congress on the first day of hearings into the matter. But he was quick to add that neither the President nor his staff did anything illegal or unethical when administration officials met with the Treasury Department regarding a Whitewater-related savings & loan probe. The GOP response, summed up by Wisconsin Representative Toby Roth: "This thing smells to high heaven." Expect the rhetoric to grow worse, says TIME Washington correspondent Suneel Ratan. In further hearings this week, Republicans will get a crack at officials who allegedly had a hand in the White House/Treasury...
Fiske also declared that top aides to the President did nothing illegal when they met and phoned one another to express concern over a federal investigation into the collapse of an Arkansas savings and loan with close ties to Bill and Hillary Clinton. "The evidence," reported Fiske, "is insufficient to establish that anyone within the White House or Treasury acted with the intent to corruptly influence" an investigation by the Resolution Trust Corporation, the agency responsible for failed thrift institutions...
...Treasury chief of staff Josh Steiner and Deputy Treasury Secretary Roger Altman (then acting head of the RTC) to inquire angrily about the appointment of former Republican U.S. Attorney Jay Stephens -- a harsh Clinton critic -- to assist in the RTC investigation of Madison Guaranty, a failed Arkansas savings and loan whose proprietor had been a Clinton business partner and fund raiser. Officials familiar with those calls told investigators that Stephanopoulos asked whether Stephens could be dismissed. Stephanopoulos later explained that he was "just blowing off steam" and had no intent to interfere with the investigation. But other Clinton advisers told...
Forrest Gump is nobody special, but he meets special people. In his 30-year odyssey through recent American history, this crippled Alabama lad with a 75 IQ bumps into Elvis and John Lennon, J.F.K. and L.B.J., Nixon and Mao. Forrest is an innocent on loan to a cynical world, and in the movie bearing his name he would make little sense if he were played by anyone but Tom Hanks...