 Because criminal referrals had been lodged by a federal agency against President Clinton, his wife, and their partners in a real estate venture for their role in the failure of a modest-sized Arkansas S&L, Leach as chair of the House Banking Committee held four days of hearings (all in the same week) on the causes and consequences of the failure.While federal taxpayer losses (approximately $70 million) associated with this particular S&L were not as large as with bigger institutions around the country, no S&L anywhere failed with a higher percentage of losses relative to assets than the one in Arkansas.In the end, the independent counsel brought more than 50 criminal convictions related to the failed S&L, including cases against Clinton’s successor as Governor of Arkansas, Jim Guy Tucker, and his business partners in Whitewater.