Word: mcdougall
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...McDougal's Moves...
...difference could be crucial. An inquiry focused narrowly on Whitewater and the failed Madison Guaranty Savings & Loan, whose owner James McDougal and then wife Susan were partners with the Clintons in that land venture, might be concluded speedily, but be open to charges of inadequacy. A broader investigation could turn into a fishing expedition lasting for years...
...Arkla Land Co. sold a 3,600-acre tract in northern Arkansas to a company called 101 River Development Inc. for a price equivalent to about $400 an acre. On Aug. 2, a 230-acre parcel was resold. The buyers: Bill and Hillary Clinton and James and Susan McDougal. A deed examined by TIME in the Marion County seat of Yellville is recorded in their individual names; tax stamps indicate the price was $203,000, or roughly $882 an acre -- more than double the per-acre price only 19 days earlier. Little more than a year later, on Sept...
Further, records and interviews with Chris Wade, the real estate agent who sold the lots for the Clintons and McDougals and ended up buying much of the , land from them, indicate that Whitewater over the years took in around $270,250. Wade claims that Whitewater spent $40,000 on improvements like roads, and carrying costs on the land may have eaten up much of the rest. But it is hard to see how the Clintons' half-share could have resulted in a loss of anything like $69,000. McDougal has told the Associated Press that he thought their cash investment...
...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...