"The First Lady received an honorary degree at Williams College for her national beautification program. Anti-war demonstrators picket and leave the auditorium during the presentation." Panning MS First Lady LADY BIRD JOHNSON wearing commencement cap & gown, walking with school officials into Chapin Hall auditorium at Williams College to receive an honorary degree. LS anti-war protesters picketing across the street; MS anti-Vietnam protesters holding sign that reads, "Mrs. LBJ, Tell Your Husband To Stop Murder In Vietnam!" MS Lady Bird Johnson being awarded honoray doctorate of humane letters. Panning TLS audience standing, applauding.
(10:55:14) In my more than 30 years of marriage, it had been he who had encouraged me to become a lawyer and to take on a full-time career, all this when it was an exception to the acceptable role of a woman with small children. During all those years, I had gladly limited my practice to the New Jersey area because of the needs of my family. In the spring and the late fall of 1993, as I weighed whether I should first seek and then accept a position at the RTC, it was my children, who are now young adults, who were the strongest advocates for my doing so. So, in fact, the overriding factor in my coming to Washington was personal-the desire to start anew, with an absorbing and challenging set of responsibilities. This is one circumstance where getting your wish carries with it more than could be anticipated. From a professional standpoint, I was, in fact, urged by a number of colleagues and acquaintances seriously to consider taking the job because they felt that I would bring to it strengths in a number of areas which were important to the task-my love of dealing with novel and difficult problems, my approach to problem -solving, which involved integration of overriding policy or strategic issues with an understanding of pragmatic concerns and, finally, my interest in management, as well as in the practice of law. I understood that I was accepting a position with a short life because the RTC will sunset on December 31, 1995, and thought that this was a plus since it would be bard to make a commitment to such a stressful and demanding position for a longer period. Furthermore, since my personal goals did not involve seeking public office or remaining in Washington permanently, and I have, in fact, maintained my residence in New Jersey, I could come to the position without worrying what this job might lead to. Therefore, I would be able to maintain -my independence, I saw the job as one similar to that which a trustee in bankruptcy perform s-managing a complex set of operational and, in my case, legal issues, while working toward the restructuring of a massive organization as it winds up its affairs. In the course of seeking advice from my colleagues about what was most important to weigh in coming to a final decision about accepting the position, one of them stressed the importance of working with a CEO whom you could respect and with whom you could share a common vision of the agency's mission. 7 This seemed to be the best advice I bad received, so I asked who would be the new permanent CEO of the RTC. I was told that a new CEO was expected to be nominated shortly, but his or her identity could not be shared with me at that time. However, a Deputy CEO for the RTC who would have day-to-day operating responsibility was about to be appointed immediately, to fill the new position created by the Completion Act, which became effective on December 17, 1993. His name was John E. Ryan. bad met him while While I bad never worked with Jack Ryan, I I was at the OTS where he was the Regional Director for the Southeast Region, based in Atlanta. More importantly, I knew "him by reputation to be strong, smart, and independent and of enormous personal integrity. He had al-ready had a long, distinguished career in bank and thrift regula-tion. Very pleased, I accepted the position. The RTC legal division has a big job. Over 80 percent of the agency's lawyers provide legal services in connection with the operation and winding up of over 700 receiverships and conservatorships and the sale of hundreds of billions of dollars of assets, Attorneys provide legal expertise in contracting, structuring, and selling real estate assets and securities portfolios, and the myriad of legal issues that any large corporation encounters. When I came to the RTC, I found a legal division that consisted of a number of independent practice areas that were geographically dispersed, providing legal services to various institutional clients within the RTC. I saw that one of my principal objectives was to develop a management structure and philosophy that would inte grate ice areas so that each area of the legal division would work with a better understanding of, and regard for, the other areas and the overall goals of the agency. I also understood that the legal work of the RTC included Managing a significant number of professional liability matters in which the agency pursues claims against directors, officers, lawyers, accountants, and others who had injured savings and loans for which the RTC had been appointed receiver or conservator. To date, these efforts have resulted in collections of almost $2 billion. I knew that the agency had been criticized, on one band, for abusing its power and bringing the full weight of the Federal Government to bear indiscriminately on those who rendered services to the S&L's and, on the other hand, for failing to pursue zealously the wrongdoers who have destroyed a large part of an industry and cost the American taxpayer so much.
"A 17-year old Santa Clara schoolboy, Mark Spitz, sets two world records in two days in a West Berlin swim meet. His amazing feat comes in the 100 and 200-meter butterfly events." LS indoor Olympic size pool, judge in FG. H/a LS swimmers leaping into pool from platforms. TLS/MSs butterfly stroke swimming competition. Footage followers the leader-- famed swimmer MARK SPITZ -- swimming, making turn, proceeding to other end of the pool. MS rather bored-looking crowd applauding.
"A new nylon-mesh ski run provides a slippery surface for champion ski jumpers in Germany. The nylon is kept slippery by hosing it down, frequently. Top jumpers test it and find it perfect." H/a shot from atop ski jump, skier speeding down it. Panning TLS ski jumper in flight, landing on nylon mesh in lieu of snow. MS nylon being prayed with hose by white male worker. MS Norwegian skiier Bjorn Rukkula (sp) waxing ski. Panning TLSs ski jumpers descending wooden scaffold, shooting down, jumping onto nylon mesh. MS mostly young white crowd watching. TLS skier falling upon landing, sliding down hill. Panning TLS successful ski jump. MS crowd watching from angled slope.
"Bull-jumpers and Bull-dodgers show their stuff in the 8th annual World Championships in France. Matadors side step and somersault over the charging beasts but some of the competitors go down hard." Traveling shot several matadors walking into bull ring. Panning TLS bull charging matador, who dodges gracefully out of the way. Panning MS bull running in plaza de toros. Excellent slow motion TLS matador leaping headfirst over charging bull, performing front flip into a somersault upon hitting ground. Wow! Great slow motion MS matador performing somersault over charging bull. MSs matadors spinning, avoiding charging bulls. TLS charging bull slamming into back of matador who was too slow in moving out of the way; caught in the bull's horns, he is flung up and down and left to right. TLS another matador mistiming his jump, being rammed by charging bull, the momentum tossing him into the air & upside down; his clthing stuck on bull's horns, the bull attacks him.
(11:00:23) I believed, and continue to believe, that the overriding goal is to Pursue in a cost-effective, tenacious, and fair manner the best cases that can be brought against those whose behavior was egregious. I The RTC must bring those suits which are cost effective. It is not charged with punishing wrongdoers or prohibiting them from participating in the banking industry. That is the responsibility of other Government agencies, Overwhelmingly, those I have worked with closely in the legal division since I have come on board have exhibited extraordinary commitment, integrity, and talent. Preserving the legal division's ability to maintain the staff it needs to do its remaining work and 8 to keep morale high is one of the most important and challenging tasks I face. Thank you. The CHAIRMAN. Thank you very much. I understand, Mr. Roelle and Mr. Katsanos, that you do not have opening statements. Mr. ROELLE. That's correct. Mr. KATSANOS. Yes, The CHAIRMAN. Very good. I'm going to start, then, with you, Ms. Kulka. First of all, I think your late husband gave you good advice to come back into public service and I appreciate your statement that you've just given to us. Now, I think I should explain that all of you have earlier been cross-examined in a deposition by attorneys, and so, you've made statements prior to today. Part of what we will do is review some of those statements you made earlier. Let me start with you in that regard. I want to lay a foundation for some questions that I want to pose to you. On February 2, 1994, you were the Chief Legal Officer at the RTC. Is that correct? Ms, KULKA. Yes. The CHAIRMAN. Also on that date, February 2, 1994, you were the senior lawyer in charge of the overall investigation and evaluation of Madison Guaranty matters for the RTC. Is that correct? Ms. KULKA. That's correct. The CHAIRMAN. Also on February 2, 1994, did you then understand that the President and the First Lady, in their individual capacities, might be subject to a civil lawsuit brought by the RTC? Ms. KuLKA. I understood that their names bad been mentioned in connection with Madison Guaranty and that there were transactions involving a corporation they had a participation in that was connected with Madison Guaranty. The CHAIRMAN. Now, on February 1, 1994, did you brief Roger Altman, who then was the Interim CEO of the RTC, about the specific status of the case preparation of the Madison case? Ms, KULKA. I don't recall the exact dates when I bad meetings with Mr. Altman that would have dealt with Madison. But it is the case that, early in February, I did meet with him and discuss procedural aspects of the case. The CHAIRMAN. What about the specific status of the case preparation? Ms. KuLKA. What I discussed with Mr. Altman related to the effect of the extension of the statute of limitations as it was enacted in the Completion Act that was effective December 17, 1993, and any claims that might arise out of the Madison Guaranty failure, because Madison Guaranty had been taken over by the Federal Government, essentially, and a receiver appointed in February 1989, the statute of limitations having run in 1992. 1 understood the effect of the extender that was provided by the Completion Act meant that, with respect to claims that were fraud or intentional misconduct, there would be a retroactive reopening of the statute of limitations from the period in 1992, when it had originally run with this institution, and that it would again expire with respect to any claims that could be made with this institution 9 in February, again, the end of February 1994. 1 discussed that and other aspects of bringing a case by that date with Mr. Altman. The CHAIRMAN. Our information indicates that discussion, in all likelihood, was on February 1, 1994, but you indicate it was early in February. This question then becomes, I think, an important one. When you had that meeting with Mr. Altman about this case, did you make it clear that you were not yet ready to make a decision on the case, the agency was not ready, and that it was unlikely that you would be able to have as much information as you would need to have before the February 28, 1994, statute of limitations would expire? Ms. KuLKA. No. The CHAiRmAN, You did not say that. Ms. KULKA. No. The CHAIRMAN. All right. Now, on February 1, 1994, did Roger Altman inform you, or the date of this meeting, which we think was on that date, that he was going to the White House on February 2, 1994, to explain the information that you'd given to him? Ms. KuLKA. No. The CHAiRmAN. You bad no knowledge of an intention on his part to do that? Ms. KULKA. I had no knowledge of his having gone to the White House or of any intention to do so witb respect to anything on this sub ect until the question and answer session that we were conducting with Mr. Altman immediately prior to the Oversight Board hearing held by the Senate in late February.
"England's future King becomes a freshman at Trinity College of Cambridge University. The 19-year old Prince will major in archeology and anthropology." MS/CUs young PRINCE CHARLES exiting car, surrounded by police, press photographers and onlookers; Lord Butler of Trinity College meets the new freshman. MSs Prince Charles walking through a library, stopping to open book. MS/MCUs handsome Charles standing dressed in a collegiate robe in courtyard.
"Egypt loses eighty percent of its oil-producing capacity as two refineries and a number of storage tanks go up in flames. Israeli artillery set off the inferno in a three-hour exchange with Egyptian guns across the Suez Canal." Nighttime TLS/LSs massive fires at oil refinerie, firefighters doing not much more than watch on (nothing else to do). Oil containers set ablaze spewing clouds of thick smoke.
"The top bicycle racing stars of Europe in the Race of the Aces on the Longchamps course in Paris. After sixty miles of round and round, Belgium's Eddy Merckx is across the finish line first." TLS start of bicycle race along tree-lined street. Tracking shots men riding on motor-assisted bikes, pacing competition. MS crowd sitting in bleachers. MS winner Eddy Merckx receiving ribbon.
(11:05:44) The CHAIRMAN. So, by the fact that you did not know he was going, he obviously didn't invite you to go with him. Is that correct? Ms. KULKA, That's correct. The CHAIRMAN. I want to read you a section of a deposition that Mr. Ickes gave to our Committee about this February 2, 1994, meeting to which Mr. Altman went. There's two or three parts to it, so bear with me here. This will be information that you will be hearing for the first time, I think, Mr. Ickes says the following: The purpose of this meeting on February 2, 1994, at the White House and the focus of Altman's discussion, was the relationship of the time that he felt this investigation might be wrapped up. He said, at least in so many words: That it was his understanding that the investigation probably would not be concluded and that a determination could not be made by the RTC's General Counsel as to whether there was the basis for a civil claim until after the expiration of the statute of limitations. Now that's a direct quote that I've just given you from Mr. Ickes. 'Later in his deposition, he was asked this question: With 8 respect to the information that the inquiry could probably not be wrapped up to re General Counsel's satisfaction, the inquiry about Madison could not be up the wrapped up to their satisfaction, before the statute of limitations would expire as far as you knew, was that public knowledge when he said it? This was the second question to Mr. Ickes, and be answered: I don't know whether it was public knowledge or not. I assume that it was. When you say public, did the public in general? No, I don't think it was. I don't know it was. But it was my assumption that this information was not known to public in general and probably very few people inside the Administration. 10 Is it fair to say that was not public information at that time? Ms. KULKA. It's fair to say that all of those statements are inaccurate if they are meant to be a report of anything I told Mr. Altman. They are directly contrary to the advice I gave Mr. Altman, The CHAIRMAN. He makes no reference to you here in his answers. Mr. Ickes is talking about-because you weren't at the meeting, he's talking about what was represented, as he remembers it, by Mr. Altman at the meeting. Ms. KULKA. Since I have no knowledge of what Mr. Altman said or what Mr. Ickes heard, or anyone else at that meeting, I can only tell you what I advised Mr. Altman, and that is not a reflection of it. The CHAIRMAN. Right. But the question I asked you was, was that information public information at the time? Ms. KuLKA. I'm sorry. I don't mean to argue with you, Senator, but that information, if you say that we wouldn't be able to form a decision about bringing a case, is not accurate. So, it wasn't public, but it wasn't so. It couldn't have been public or private because it was never the advice I gave or the position we were taking. The CHAIRMAN. I see. Ms. KULKA. I'm sorry. The CHAIRMAN. No. That's what we want to do, we want it to be as clear as we can make it here. Ms. KuLKA. Right. The CHAIRMAN. That's why these questions have to be asked and answered, so there's no question about it. We'll come back to that because Mr. Ickes, obviously, has given a different recollection of the events at that time, Senator D'Amato. OPENING COMMENTS OF SENATOR ALFONSE M. D'AMATO Senator D'AMATO. Mr. Chairman, I'd like to maybe follow up on something. Ms. Kulka, in the February 1, 1994, meeting where you gave your briefing to Mr. Altman, do you recall who else was present? Ms. KULKA. I really don't recall. I think that Mr. Ryan was present, but I don't recall if anybody else was. Senator DAMAT0, Mr. Ryan, were you there? Mr. RYAN. I don't recall. Senator D'AMAT0, Was Benjamin Nye there? Do you recall Benjamin Nye? Ms. KuLKA. I don't recall. Senator D'AMAT0. I'm going to read you his testimony. Benjamin Nye is an assistant at the Treasury Department. Do you know Benjamin Nye? Ms. KuLKA. Yes, I do. Senator DAMAT0. What is his position? Ms. KULKA. I think be's an assistant or a special assistant to Mr. Altman. Senator D'AMAT0. He was at this meeting. I have a deposition here. I'll read you part of it. This is a question being put to Mr. Nye: Why don't you tell me, in your own words, what was discussed at the meeting? Answer: I believe it was a discussion about RTC issues, more generally. But one of the issues, I believe, was this question of procedurally, what Ellen Kulka should do or, you know, the questions she would face procedurally, on the Madison case. Question: One of those issues was whether an action should be commenced or not commenced? Answer: The issue, as I understand it, was, in light of the circumstances' the February 28, 1994, expiration of the statute of limitations, whether one should seek a tolling agreeing or drop cases or file suits based on what she deemed would be imperfect information. Question: What did Mrs. Kulka say about the imperfect, or the information at that point?
Mississippi
On preview cassette # 211232 Light House (day and night) First shot of light house looks like Timelapse. Passes day into night. Mississippi River scenics. Tall grass along waters edge. Old man holding two large fish, shows to camera. Date? clothes? Lake Pepin sign. Waterway scenics. People knee deep in river, recreation. POV from boat, going down river. Two people seated by rail, river tourboat? Old woman pulls rope on boat, ringing bell? Traveling shot as boat passes camera, we see people on boat: workmen, passengers, fisherman? a black (african american) cook with chef hat walk over to railing. Neat shot. Barge. Scenics. "New Orleans District" steamboat? Flood? POV from car with car driving in front along flooded, rural road. Good footage of paddleboat, showboat fades into passengers unloading onto dock. Fisherman making net as little boy watches. Another shot as fisherman holds up large fish in hand net, shows off to camera. Lighthouse/beam. River locks? closing. Lighthouse, day, fades into cu of lighthouse.
PREVIEW CASSETTE # 201755 Mississippi River into Gulf of Mexico
Southern Home
Mississippi River
Mississippi River
Misc. river sources
Mississippi River (?women)
St. Martinsville, Louisiana
Adult Caucasian female feeding two Caucasian male children at picnic table as an adult Caucasian man comes out of tent in FG, walks to the table where she hands him a spatula to put meat on the grill.
Las Vegas - Vegas 1970s style with great color & establishing content, day shots.
Las Vegas (night) driving shots
Las Vegas (day) driving shots
Las Vegas at Night - Vegas 1970s style with great color & establishing content.