Word: loaned
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Dates: during 1990-1999
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...definitive answer to the tax question may have to await the end of Fiske's investigation -- which, at least at the start, presumably will focus on an earlier matter: Did Madison Guaranty, a busted savings and loan, funnel money improperly either into Bill Clinton's Arkansas campaigns or into Whitewater, a real estate venture in which the Clintons were equal partners with James McDougal, the owner of Madison Guaranty, and his former wife Susan...
More serious still is a nagging suspicion that Whitewater might be a scandal in the making. In the TIME/CNN poll, 35% think the questions about the Clintons' connections to a failed Arkansas savings and loan are a very serious matter, vs. 53% who don't think so. And 44% think the Clintons are hiding something, in contrast to 38% who believe the public explanations...
...public, Fiske wrote out a personal charter on a pad of yellow legal paper. He insisted that he would investigate "any individuals or entities" who had broken federal laws relating in any way to the President's or First Lady's dealings with Whitewater or Madison Guaranty Savings and Loan, the defunct S&L once headed by James McDougal, the Clintons' partner in Whitewater. Over the longer term that could mean trouble for the President, the First Lady or both. Over the shorter term Fiske can only help them by absorbing all questions about the matter into the black hole...
Attorney General Janet Reno named Wall Street lawyer Robert Fiske, a Republican, to be special counsel in charge of investigating President Clinton's involvement with the Whitewater Development Corp. and the Madison Guaranty Savings & Loan while he was Governor of Arkansas. Fiske, 63, is a former U.S. Attorney who served in the Ford and Carter Administrations. He said that he would not use Justice Department prosecutors in the probe and that he expects to question the President and Hillary Rodham Clinton under oath...
Those rosy opinions were sandwiched between totally contrasting judgments by the Federal Home Loan Bank Board, which supervised S&Ls whose deposits were insured by the Federal Government, as Madison's were. In a 1984 audit, the bank board warned that Madison's "investment and lending practices in real ( estate developments" were jeopardizing its "viability." In 1986, eight months after the second Massey letter, another bank-board audit cited a hair- raising list of "problems," including "conflicts of interest, high-risk land developments, poor asset quality . . . inadequate income and net worth, low liquidity, securities speculation, excessive compensation ((presumably to officers...