Bank Regulators Reportedly Clear First Lady
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CHICAGO — Banking regulators found that Hillary Rodham Clinton did not violate federal regulations when she represented the government in a 1987 lawsuit against a friend, it was reported Wednesday.
“Mrs. Clinton’s involvement was confined to two hours,” Alan Whitney, a spokesman for the Federal Deposit Insurance Corp., told the Chicago Tribune.
The newspaper reported earlier this month that Mrs. Clinton, working for the Federal Savings & Loan Insurance Corp., helped settle a $3.3-million lawsuit against a friend and political supporter, Dan Lasater, for $200,000.
Lasater’s bond firm was accused of mishandling funds belonging to a savings and loan that later failed.
The FDIC reviewed court documents and billing records submitted by the Rose Law Firm of Little Rock, Ark., where Mrs. Clinton worked.
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