Word: mcdougall
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...case with Denton, the future First Lady recognized a conflict of interest. But in the Clintons' relationship with McDougal, Hillary and her husband did not. They remained partners with Denton's boss McDougal and McDougal's wife Susan, a pair of notorious wheeler-dealers who drove the thrift into the ground at a cost to taxpayers of roughly $50 million. Indeed, several months before bowing out of the S&L dispute over the bad loans, Hillary Clinton actually represented Madison before state regulators in a petition to try to raise capital for the failing thrift by selling stock...
...state agencies, most elected officials would conclude that Hillary had a conflict in this situation," argues Frank White, Clinton's G.O.P. predecessor as Governor. At any rate, the stock deal, though approved, never went through. By the end of 1986, federal regulators had moved in on Madison Guaranty, ousting McDougal as chairman in the vain hope of rescuing the thrift...
...nearly two years, the Clintons have explained their business partnership with the McDougals' Whitewater development by claiming they were simply passive investors. As Hillary's law practice shows, however, she was more involved with Whitewater and Madison Guaranty than she has let on. According to Denton, some of Bill Clinton's dealings appear rather tangled as well. ) Denton says that in 1978, while he was an officer of Union Bank in Little Rock, he made out a personal loan of roughly $25,000 to Clinton and McDougal to help pay for Whitewater acreage. Denton recalls that within two years...
...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...