The President announced today that he has nominated Gerald Stern, an experienced corporate attorney and former Justice Department civil rights attorney, to be the Special Counsel for Financial Institutions Fraud at the Department of Justice.
"To preserve our people's trust in their financial institutions, it is imperative that we aggressively enforce the laws governing them," said the President. "Gerald Stern has the business experience and prosecutorial skill to make sure that we do just that."
NOTE: A biography of the nominee was made available by the Office of the Press Secretary.
William J. Clinton, Nomination for a Special Counsel at the Department of Justice Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/218380