Word: thrifts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
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...
...this charge explicitly. Says he: "The effect is that the money that flowed into the Clinton campaign to pay back a personal loan of the Clintons' ends up being deferred public financing of a campaign, and not by choice. That is, the money in effect came from an insolvent thrift ((institution)), paid back later by the federal taxpayer" in the form of reimbursements to money-losing depositors. Nothing has been proved, however, and Clinton has denied any knowledge of money improperly diverted into his campaigns...
...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...
...conflict in this situation," argues Frank White, Clinton's G.O.P. predecessor as Governor. At any rate, the stock deal, though approved, never went through. By the end of 1986, federal regulators had moved in on Madison Guaranty, ousting McDougal as chairman in the vain hope of rescuing the thrift...