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Profile: Resolution Trust Corporation (RTC)
Resolution Trust Corporation (RTC) was a participant or observer in the following events:
The Bush administration installs L. Jean Lewis as the Defense Department’s inspector general. Her office investigates fraud and audits Pentagon contracts, including the billion-dollar arrangements with companies like Halliburton and Bechtel. While the post is traditionally non-partisan, Lewis is a strongly partisan Republican. Lewis is best remembered as the driving force behind the Resolution Trust Corporation (RTC)‘s relentless investigation of then-President Bill Clinton over a parcel of land called Whitewater. FBI investigators refused to pursue Lewis’s work, calling it sloppy, biased, and incompetent. Lewis repeatedly lied under oath during the Whitewater investigation before bringing the questioning to a halt by suddenly “fainting.” Her partisanship was on display throughout her career with the RTC, having once proposed selling coffee cups and T-shirts with the slogan “Presidential B_TCH” emblazoned under a photo of Hillary Clinton out of the RTC offices, and calling President Clinton a “lying b_stard.” (Lewis claimed under oath that neither instance indicated any bias she might have towards the Clintons or towards Democrats.) She now has the prime responsibility for ensuring that billions of tax dollars are spent wisely by the government and its private contractors. Lewis says that, although her employers are well aware of her background, “I would prefer to think it was my ability and skills they were interested in.” [Newsweek, 9/14/2003; Carter, 2004, pp. 71; New York Observer, 3/18/2007]
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