Word: thrifts
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Dates: during 1990-1999
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...over to special counsel Robert Fiske, investigators for the federal Resolution Trust Corporation last year named the 1984 Clinton gubernatorial campaign committee as a suspect in its criminal probe of the now defunct Madison Guaranty Savings & Loan of Arkansas. According to news reports, $60,500 in funds from the thrift may have been illegally diverted to the campaign with the knowledge of committee officials. The reports also said the documents name Hillary Clinton as a possible witness...
...Washington Post, the White House had acknowledged a few days earlier that Treasury Department officials had met twice with Nussbaum and other Administration aides for the unusual purpose of discussing the progress of a federal investigation of the Madison Guaranty Savings & Loan. Madison Guaranty is the failed Arkansas thrift once owned by James McDougal, the Clintons' partner in the Whitewater real estate development. Deputy Treasury Secretary Roger Altman, acting head of the Resolution Trust Corporation, admitted to the Senate banking committee that he had briefed Nussbaum and other top aides on the probe...
Loving a bargain is universal. It is the equivalent of a good kill after a long hunt. You feel intelligent, attractive, savvy. Shouting a bargain from the rooftops, however, is an uniquely American tendency. Especially in New England, our culture admires thrift as well as appearances...
Little Rock -- Jim McDougal is under criminal investigation for his actions as former head of a failed S&L connected to the Whitewater mess. He portrays himself as an innocent victim of thrift regulators, but evidence in an unrelated case in 1988 suggests that he had something on his mind before the regulators arrived. His secretary during this period testified that McDougal "vacated the offices at the S&L building . . . He did not want to be accessible to the examiners to have to answer any questions at that time...
...loaned him the money for the purchase, Ward told TIME, in order to keep the aircraft off Madison's books, where it might have aroused suspicion among regulators. Hubbell acted as counsel to his father-in-law in the deal, one of several connections with the thrift that have had the effect of forcing Hubbell to dissociate himself from any investigations involving Whitewater or Madison. All in all, Whitewater's finances were tangled enough to make the traditional can of worms look simple...