August 3, 1994 - Part 4
August 3, 1994 - Part 4
(14:20:36) Even so, earlier this year I recused myself both as Comptroller of the Currency, and as a director of the FDIC from any matter involving the President or Mrs. Clinton in a personal capacity, including Whitewater and Madison, Beyond what any American can read in the newspapers, I have no knowledge of Whitewater or Madison. Despite my lack of involvement in these matters, I have had contacts with the White House or the Treasury relating to Whitewater or Madison on three occasions. I described all three in my memorandum to Mr. Edward Knight, Executive Secretary to the Sec(61) 62 retary of the Treasury, dated March 11, 1994. 1 prepared that memorandum in response to the Grand Jury subpoena to the Treasury Department from the Off- ice of Independent Counsel, Mr. Fiske. Treasury Department has provided a copy of it to the the Committee I am happy to go through these events again with you here today. The first of the three occasions I described in my memorandum involved two Freedom of Information Act requests relating to Madison or Whitewater. Reporters at The Washington Post and The Baltimore Sun submitted these requests to the FDIC. Somebody at the FDIC sent copies of the requests to me. I'm uncertain about who sent them. I think it may have been the Acting Chairman of the FDIC, Skip Hove. These were public documents. Upon receiving copies of the inquiries, I faxed copies to Under secretary of the Treasury, Frank Newman, Treasury, Chief of Staff Josh Steiner, and Bruce Lindsey and David Dreyer in the White House press office, on December 2, 1993. To the best of my recollection, I did this because I thought they might want to know about press interest in these matters. I knew no more than I had read in the newspapers about the matters referred to in the FOIA requests. I never asked anybody to send this material to me. Nobody at the Treasury Department or the White House asked me to send it to them. I never asked about these matters. And, to the best of my recollection, I never discussed these FOIA requests with anybody at the White House or the Treasury, either before or after I sent out the copies. The second occasion occurred during the week between Christmas and New Year's 1993, at the Renaissance Weekend conference. The Renaissance Weekend is a series of symposia and presentations on topics ranging from international relations, economics and business to the arts, Hundreds of people attend. I was sitting in a large seminar listening to a presentation; I think it had something to do with international relations. The President entered the room and sat down near me at the table. Because I know that what happened next is of interest to this Committee, I've tried hard to remember it as accurately as I can. As I recall, the President was reading a newspaper, and we were commenting to each other on and off about the seminar. At one point, the President said something to the effect that he could not understand all the fuss about Whitewater. He expressed the belief he had done nothing wrong, and he indicated he had lost money on the transaction. He then asked me whether I thought I could advise him. I do not recall responding specifically. Our conversation moved on and shortly thereafter, the President left the room. I assumed we would touch base with regard to his question later during the Renaissance Weekend. Our entire exchange relating to Whitewater lasted perhaps 30 seconds.