Word: pardons
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President Clinton's eleventh-hour pardon of fugitive financier Marc Rich has sparked a firestorm of controversy, launching investigations in both houses of Congress and igniting fierce protest from both Democrats and Republicans. The U.S. House and Senate have issued a rash of subpoenas calling for witnesses as well as financial records, as the House Government Reform Committee continued its hearings and the Senate Judiciary Committee geared up for its own proceedings...
...Thursday, the controversy took another step forward - no, we're not at impeachment yet, but it's been suggested - when federal prosecutors in New York officially opened a criminal investigation into whether Rich did indeed buy his pardon with his ex-wife Denise's pointed largesse to the First Couple and the Democratic party...
...with almost everything relating to the former president, the Marc Rich pardon case raises a lot of questions. Some answers will surface only after all the Capitol Hill witnesses are heard and the U.S. Attorney's office does its thing. Others, happily, we can answer here...
...Unfortunately, eliminating the executive pardon is not a viable solution. Legal experts point to the near-impossibility of placing restrictions or removing such an enumerated power of the Chief Executive without a Constitutional amendment...
Michael Milken may have lost his bid for a presidential pardon, but some familiar wheeler-dealers that he either funded or fought in his heyday as Wall Street's junk-bond king have resurfaced, let back in the game by a receding stock market. And they aim to play. The names include Carl Icahn, Henry Silverman, Ted Forstmann, Irwin Jacobs and Henry Kravis--an '80s reprise that almost makes you want to cue the Ramones and slam dance...