Word: mcdougall
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...their tax records dating back to 1980. They drew the line there, which meant that the first two years of the Whitewater investment, which they began in 1978, were out of bounds. That kind of defensive perimeter is just the thing to get reporters sniffing. Earlier this year James McDougal, the Clintons' former partner in Whitewater, made matters worse when he began suggesting that the First Couple had never invested more than $13,500 of their own money. That sounded suspiciously like Whitewater was a sweetheart deal in which McDougal, who later headed a buccaneering S&L, made most...
...were finally released last week, they did indeed show a total of about $22,000 for 1978 and 1979 in Whitewater-related interest deductions on two loans. Those included $10,131 that the Clintons say they paid in 1978 to Great Southern Land Co., a company mostly owned by McDougal that he now says handled payments to the Whitewater lending institutions at that time. In the following year, the returns show the Clintons paying $11,749 directly to "banks and loan companies," as well as $238 to McDougal. A new accounting of the Clintons' Whitewater investment released Friday shows payments...
Stephens and other lawyers in the Washington office of San Francisco's Pillsbury Madison & Sutro have been retained by the Resolution Trust Corporation to investigate civil claims flowing from the failure of Little Rock's Madison Guaranty Savings & Loan, the institution run by James McDougal, the Clintons' partner in Whitewater Development Corp. Stephens won't elaborate on his work, which began last month, but it's likely to bring more heat on Clinton. Sources close to the investigation describe Pillsbury's effort as "the civil equivalent of ((Whitewater special counsel Robert)) Fiske...
...less on Whitewater than the $68,900 calculated in a 1992 report issued by Denver attorney James Lyons at the Clintons' request. Why did the Clintons embrace that figure if it was wrong? "I didn't have the records of the company," the First Lady told McGrory. But Susan McDougal, a partner in Whitewater, says she turned over all corporate documents to the Clintons. So how come Hillary Clinton could not find them? Stay tuned...
...McDougal was also the owner of a failed savings and loan under Governor Clinton's regulation. And Hillary Rodham Clinton was McDougal's lawyer when she worked for the Rose Law Firm...