Word: mcdougall
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...Whitewater Development Company, which the Clintons coo-owned with family friend James B. McDougal, was a failed attempt to sell vacation homes in rural Arkansas...
TIME: Jim McDougal ((head of the Madison S&L)) claims that your Whitewater contribution was $13,000, not the $69,000 cited in the 1992 Lyons report on Whitewater commissioned by your husband...
...firm and its insurer paid $3 million to settle a conflict charge stemming from the failure of FirstSouth Savings and Loan. At the insistence of Senate Republicans, the FDIC has reopened a conflict-of-interest investigation involving Madison Guaranty, the failed S&L headed by James McDougal, the Clintons' partner in Whitewater. In 1989 the firm represented the FDIC in a suit against Madison's auditors, despite the fact that, four years earlier, Hillary had dealt with state regulators on Madison's behalf...
...Clintons were partners with family friend James B. McDougal in the Whitewater company, which was a failed attempt to sell vacation homes in rural Arkansas. McDougal was also theowner of a failed savings and loan for which stateregulators who answered to Governor Clinton wereresponsible. Is addition, Mrs. Clinton wasMcDougal's lawyer...
...ongoing federal investigation, Clinton and the First Lady have defended themselves against allegations that Clinton used his influence while governor of Arkansas to protect the failing savings and loan of his then business partner, James B. McDougal...