BANKING & FINANCE - Aug. 14, 1992

RTC to Investigate Charges of Political Influence: Albert Casey, president of the Resolution Trust Corp., and Peter Monroe, president of the Thrift Depositor Protection Oversight Board, asked the RTC’s inspector general to investigate charges that some executives of failed thrifts were escaping prosecution because of political connections. Three RTC lawyers charged this week that the agency is not pursuing some cases of potential fraud vigorously enough and in other cases is letting defendants off too easily because of their connections to the Bush Administration. The RTC, the government agency responsible for managing the multibillion-dollar thrift crisis, is in the midst of a major shake-up in its legal division that is responsible for bringing the corporation’s most politically sensitive suits.