Clarke renomination not in the bag

The Boston Globe | September 20, 1991| | Copyright

WASHINGTON -- Key Senate Democrats predicted yesterday that the collapse of the Bank of New England will claim its first Washington victim next week when the nation's senior banking regulator comes up for confirmation to a second five-year term.

Legislators said that Comptroller of the Currency Robert L. Clarke will face tough questioning over his agency's failure to control the multibillion Boston-based bank before it spun out of financial control last January. The collapse is expected to be the third most expensive in US history, costing the fund that insures the nation's bank deposits ...

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