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November 18, 1992 | ROBERT A. ROSENBLATT and DAVID LAUTER, TIMES STAFF WRITERS
As President-elect Bill Clinton prepares to make the savings and loan cleanup a key issue in his Administration, a top adviser to his transition is a defendant in a $535-million lawsuit with the federal agency handling the thrift crisis. The adviser, Thomas (Mack) McLarty, a childhood friend of Clinton who sits on the President-elect's transition board, is not charged with any wrongdoing in the suit filed by the Resolution Trust Corp.
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NEWS
November 18, 1992 | ROBERT A. ROSENBLATT and DAVID LAUTER, TIMES STAFF WRITERS
As President-elect Bill Clinton prepares to make the savings and loan cleanup a key issue in his Administration, a top adviser to his transition is a defendant in a $535-million lawsuit with the federal agency handling the thrift crisis. The adviser, Thomas (Mack) McLarty, a childhood friend of Clinton who sits on the President-elect's transition board, is not charged with any wrongdoing in the suit filed by the Resolution Trust Corp.
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BUSINESS
August 6, 1993 | From Reuters
The government said Thursday that Arthur Andersen & Co. agreed to pay $82 million to settle charges that negligent audits contributed to the collapse of several thrifts, including Charles H. Keating Jr.'s Lincoln Savings & Loan. The civil settlement between the nation's biggest accounting firm and the government's thrift bailout agency, the Resolution Trust Corp.
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