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Remember Whitewater? Hacking through that thorny bramble of failed land deals and shady bank loans was supposed to be Ken Starr's big mission. But since January, it has often seemed that the independent counsel, in his zeal to prove the President tried to cover up extramarital sex, had forgotten all about Arkansas. Now Starr appears ready to close up shop in Little Rock. And there's no sign that his effort--which will have consumed four years and as much as $50 million when all is said and done--will result in any charges being filed against Bill...
...Starr has said that when the term of his Little Rock grand jury expires on May 7, he almost surely won't impanel another one. The grand jury has not brought an indictment in two years, and sources familiar with the investigation say just one is in the works. Starr is said to be making another run at Clinton's pal Webster Hubbell, this time on tax charges. The problem is, Hubbell didn't provide any useful testimony in 1994, when Starr convicted him of bilking clients and partners at the Rose law firm. He isn't any more likely...
...Starr's last-gasp witness was former Arkansas Governor Jim Guy Tucker. Already convicted for his role in one Whitewater scheme, Tucker agreed in February to cooperate with Starr's office and plead guilty to another minor charge. Some Clinton watchers thought Tucker's cooperation could devastate the President, but sources tell TIME that Tucker is not giving Starr enough to make a case against Clinton...
...took another beating last month when published reports accused him of receiving payments from right-wing Clinton haters. Clinton's other Whitewater partner, Jim McDougal, at first denied the allegation, then confirmed it--but his credibility was no better than Hale's, and he died last month in prison. Starr can't build a case around the Hale loan unless Tucker confirms Clinton's role in it. And sources familiar with Tucker's testimony say he won't do it. Though no friend of Clinton's--the two have been rivals for decades--Tucker can't or won't finger...
Tucker's first day of secret testimony, March 18, was devoted to a six-hour tour of the Clintons' real estate history. Starr apparently hoped he would provide more details about Hillary's role in a house-of-cards residential development called Castle Grande, which Jim McDougal financed through his savings-and-loan, Madison Guaranty. Federal regulators called Castle Grande a sham. Af-ter earning $2 million in commissions and fees for McDougal's associates, it collapsed in 1989 (cost to taxpayers: $4 million), helping trigger the $50 million failure of Madison. In sworn statements to federal regulators, Hillary said...