Word: mcdougals
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...more than 6% of Madison Guaranty's assets. So Madison assigned the right to purchase part of the property to Seth Ward, Webster Hubbell's father-in-law, for $1.15 million. Madison lent the entire purchase price to Ward, a loan for which Ward was not personally liable. McDougal also promised Ward that as lots from his land were sold and the proceeds used to repay the Madison loan, Ward would earn a 10% commission on the sales, whether or not he generated the sales. The Castle Grande acquisition and sales were described in a Federal Government report...
Then and there, McDougal filled out a blank stock-transfer certificate and told Susan to take it over to Hillary so she could review and sign it. That afternoon, Susan dropped in at the Rose firm. She was in buoyant spirits, relieved that she and her husband could stop worrying about the Clintons. She sat down across from Hillary at her desk, thinking how she might brighten up the office if it was hers, as Hillary read the proposed transfer of ownership. "What is this?" Hillary demanded, her tone cold. Susan's smile froze...
...McDougal was beside himself. "All these years of our paying for them. We paid the bills, Bill blasted us over the property taxes, and now Hillary is annoyed with me?" He shrugged. "Well, f--- them...
...MCDOUGALS' FORTUNES TOOK A VERY BAD TURN. JIM and Susan separated. Then McDougal suffered a heart attack, he was found to be a manic-depressive, and he was forced to step down as chairman of Madison Guaranty after banking regulators declared it insolvent. As the S&L crisis spread, Hillary and the litigation team at Rose realized that good money could be made representing the regulators in lawsuits involving failed thrifts. Many Rose partners opposed the idea of suing former clients on behalf of Washington, but after a series of acrimonious meetings, Hillary's view prevailed. But first Rose...
...Susan McDougal was aware that something was going on between Hillary, 1st Ozark, and officials at the parent, Twin City. One day Hillary called, asking Susan to get a copy of a Whitewater document and drop it off at the Twin City headquarters in North Little Rock, which Susan did. Then, soon after, Susan received a call from the Governor himself. "Would you mind," he began, "Hillary wants to look at the documents" to support Susan and James' calculations on the yellow pad. So Hillary didn't trust her, Susan thought. Well, she'd be only too happy to give...