Word: haling
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Enter David Hale, an Arkansas judge and head of a lending company that was backed by federal money. Hale claims that in 1986, Clinton, who had appointed him to the bench, and McDougal pressured him to arrange a $300,000 loan to clean up some dubious Madison Guaranty loans. Hale did approve a loan of that amount to McDougal's wife, but $110,000 went into Whitewater. Clinton denied exerting any pressure and said he had been unaware of such money winding up in Whitewater. Hale proposed to Casey that he have himself wired up to record incriminating conversations, perhaps...
Casey refused, suspecting the offer was not serious. Hale, who had been indicted for fraud in a separate case, wanted Casey to give him a plea bargain; Casey offered instead a reduction in sentence if he pleaded guilty and cooperated with the government on other matters. But Hale refused the deal and will stand trial next month. Casey eventually recused herself from both the Hale and Madison cases, but most belatedly, last November. She would have trouble claiming impartiality; she had been a law student of Bill Clinton's and a volunteer in all his campaigns. Her husband works...
...very least, the Clintons' choices of James and Susan McDougal and David Hale as associates call into question their ability to judge character. And the other questions raised by the affair could come back to haunt Clinton in his probable 1996 re-election run. It may be that the President and his wife are guilty of nothing wrong. All the more reason to agree to have a special counsel conduct a vigorous investigation that is free of any suspicion of bias. Unless that is done, no one will ever really know...
...most troubling revelations involves a $300,000 loan to Susan McDougal, part of which was diverted into Whitewater. The lender: Capital Management, a federally sponsored lending company owned at the time by David Hale, a Clinton-appointed judge. Capital also made a large loan to Tucker. But the purpose of Capital was to make loans to "socially or economically disadvantaged persons," hardly the way one might characterize McDougal or Tucker or Clinton. Hale was indicted in September for fraud and has accused Clinton of pressuring him to make the McDougal loan. The Clintons deny exerting any pressure or knowing about...
McDougal, acquitted on bank-fraud charges, is under investigation again. Hale will stand trial sometime this year. Congressional Republicans, meanwhile, have called for hearings on the Madison collapse as a prerequisite for considering Clinton's bank reforms. In Whitewater only six homes have been constructed. As for the house that Hillary built, its current owner, John Lauramoore, half expects tourists to start lining up outside. "Maybe I can cut up the carpet and sell pieces and say that Bill Clinton walked on it," he says. "Even though he didn't, they wouldn't know...