The Tangled Web

If there is anything Bill Clinton does not need, it is another embarrassing question about Whitewater. In fact the President has agreed, most reluctantly, to the appointment of a special counsel to investigate that mess largely to move the questions off the front pages and TV network news for a while. But now TIME has turned up evidence that Bill and Hillary Rodham Clinton participated in deals in which the same land was sold and resold -- in one case to themselves -- at rapidly escalating prices for reasons that cannot quickly be pinned down.

Even in the middle of what...