Word: thrift
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...never filed. In fact, despite a meeting on the matter between Hillary and an executive from the opposing S&L, Denton learned several days later that Hillary had suddenly withdrawn from the case. Why? She had discovered that her prestigious Rose Law Firm was already representing the opposing thrift in another case. "The conflict issue should have been resolved earlier," complains Denton. Bruce Lindsey, a senior adviser to the President and an old Arkansas friend, defends the action. "Assuming this happened, I don't see why this is important or unusual," he said...
...case with Denton, the future First Lady recognized a conflict of interest. But in the Clintons' relationship with McDougal, Hillary and her husband did not. They remained partners with Denton's boss McDougal and McDougal's wife Susan, a pair of notorious wheeler-dealers who drove the thrift into the ground at a cost to taxpayers of roughly $50 million. Indeed, several months before bowing out of the S&L dispute over the bad loans, Hillary Clinton actually represented Madison before state regulators in a petition to try to raise capital for the failing thrift by selling stock...
...such case, the securities commissioner who would decide to grant Hillary's client a regulatory blessing -- Beverly Bassett Schaffer -- was appointed by Bill Clinton, the Governor. As state documents indicate, though, Schaffer was as tough on Madison as the federal regulators who had the real power to shut the thrift down. "I may not be Beverly's biggest fan, but she's getting a bad rap from the media," says Lee Thalheimer, her predecessor and a Republican appointee. "I don't think anyone can influence Beverly Bassett...
Most of her collection has come from yard sales and thrift shops...
Therefore, reformers argue, the consumer has no incentive to economize. Immunity from high cost leads patients to order expensive tests, even if those tests have little utility. The forces of the free market, which usually reward efficiency and thrift, do not apply to today's health care consumer...