Word: probings
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...White House sent chief counsel and eminence grise Lloyd Cutler to testify on the first day of hearings. Cutler's mild, 11-page account of 20 contacts between White House officials and those overseeing the federal probe of the Madison Guaranty S&L briefly seemed to take the air out of the hearings. But he had barely completed his testimony when he corrected himself, moving up by one week the time at which the White House knew the targets of the RTC's investigations. His assessment of the Clinton team's overall performance was a gentle scold: "I have concluded...
...failed Arkansas savings and loan with ties to the Clintons. Republican Senators charged Altman not only with lying to Congress about the extent and nature of those contacts but also with breaking federal rules of confidentiality by telling the White House about the progress and timing of the probe. Altman was in a good position to know. From March 1993 to February of this year, he was acting head of the Resolution Trust Corporation, the Treasury agency charged with cleaning up the nation's S&L crisis. Two Republican Senators told TIME that a senior RTC official told Senate investigators...
...recover the $47 million in lost taxpayer funds from the officers of a failed savings and loan, the Clinton team tried to monitor the agency's investigation and prevent strangers from taking control of it. White House officials plead the alternatives: they didn't try to influence the RTC probe, and besides, the investigation proceeded without obstruction anyway...
...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 account was faulty; Altman amended his story four times in the next four weeks...
...year earlier. Republican Senators who have reviewed the evidence say Altman asked RTC senior staff members on March 22, 1993, to keep him personally informed of "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...