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...hearing earlier this year, he repeatedly told the committee that he knew of only one meeting on the RTC case between the Treasury and the White House -- on Feb. 2 of this year. Altman hewed to the line that the Feb. 2 meeting -- attended by White House counsel Bernard Nussbaum and top White House staffers Harold Ickes and Margaret Williams -- turned only on how the RTC normally handles cases when the statute of limitations on civil actions is about to expire. Altman said he provided no further information about the RTC's probe of the Madison failure. But his initial...

Author: /time Magazine | Title: Roger, Over and Out? | 8/8/1994 | See Source »

...politically sensitive" cases. When that meeting concluded, RTC senior vice president William Roelle pulled Altman aside and informed him of the ongoing probe against Madison Guaranty. Two days later, Altman faxed a copy of a 1992 New York Times story on Madison and Whitewater to White House counsel Nussbaum. On Sept. 24, 1993, with Altman's original request for updates in mind, Roelle told Altman about the progress of the RTC's probe into Madison. Roelle explained that the RTC was about to send to the Justice Department nine separate criminal referrals, including at least one naming the Clintons...

Author: /time Magazine | Title: Roger, Over and Out? | 8/8/1994 | See Source »

...would ask Jean Hanson, the Treasury Department's chief counsel, to call Roelle for a briefing. On Sept. 27, Roelle briefed Hanson on the case, reminding her that the sensitive information was for Altman's ears only. But Hanson maintains Altman directed her later that day to inform Nussbaum of the development. Hanson says she complied two days later, then wrote a memo dated Sept. 30 in which she reported the contact with Nussbaum and associate White House counsel Clifford Sloan. Altman does not recall telling Hanson to brief Nussbaum and says he doesn't recall receiving a follow...

Author: /time Magazine | Title: Roger, Over and Out? | 8/8/1994 | See Source »

...about what Bentsen and other Treasury officials knew and when they knew it. In a memo from Hanson dated Sept. 30 that is in the hands of congressional probers,she writes of press inquiries about the investigation and continues, "I have spoken with the Secretary ((Bentsen)) and also Bernie Nussbaum," who was then White House counsel. The investigation, into the failure of Madison Guaranty Savings & Loan, which was owned by Clinton friend and Whitewater partner James McDougal, was conducted by the Resolution Trust Corporation, a federal organization that gets financing from the Treasury. RTC had referred its findings...

Author: /time Magazine | Title: Who Said What, And to Whom? | 8/1/1994 | See Source »

...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...

Author: /time Magazine | Title: WHITEWATER . . . WHITE HOUSE OFFICIALS GET | 7/28/1994 | See Source »

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