They Were Never Close To Indicting Hillary — 20 Years Ago Or Yesterday - By Gene Lyons
Return with us now to those thrilling days of yesteryear: specifically to September 1992, when Attorney General William Barr, top-ranking FBI officials, and — believe it or not — a Treasury Department functionary who actually sold “Presidential Bitch” T-shirts with Hillary Clinton’s likeness from her government office, pressured the U.S. Attorney in Little Rock to open an investigation of Bill and Hillary Clinton’s Whitewater investment.
The Arkansas prosecutor was Charles “Chuck” Banks, a Republican appointed by President Reagan, and recently nominated to a Federal judgeship by President George H.W. Bush. It was definitely in Banks’s interest to see Bush re-elected.
The problem was that Banks knew all about Madison Guaranty S&L and its screwball proprietor Jim McDougal. His office had unsuccessfully prosecuted the Clintons’ Whitewater partner for bank fraud. He knew perfectly well that McDougal had deceived them about their investment, just as he’d fooled everybody in a frantic fiscal juggling act trying to save his doomed thrift.
Banks and local FBI agents were unimpressed with the “Presidential Bitch” woman’s analysis. She showed shaky grasp of banking law, and obvious bias — listing virtually every prominent Democrat in Arkansas as a suspect. When FBI headquarters in Washington ordered its Little Rock office to proceed on L. Jean Lewis’s criminal referral, Banks decided he had to act.
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