Word: mcdougals
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...many ways in which McDougal seemed to live on a higher plane than ordinary mortals, and it was one of the qualities that had dazzled Susan when, as a 19-year-old student at Ouachita Baptist University in Arkadelphia, she first met McDougal, 15 years her senior. McDougal, who cut quite a figure around campus with his Savile Row suits, straw hats and aristocratic accent, was teaching political science there, an interlude in a career that had included stints as an aide to Arkansas Senators John McClellan and J. William Fulbright. After a yearlong courtship, Jim and Susan were married...
THOUGH HARDLY THE LARGEST OF THE MCDOUGALS' headaches, in microcosm the Whitewater venture illustrated all the major trends troubling the McDougal empire. In 1983 no new lots had been sold. Because of all the interest payments, negative cash flow that year was nearly $51,000, all of it covered either by new borrowing or payments from McDougal or his various ventures. One lot was sold in 1984. Negative cash flow was over $20,000, all of it covered by McDougal. With more interest and principal payments due, 1985 was even worse. Only one lot was sold. Negative cash flow...
...McDougal rose at that point, as did Clinton, and McDougal gently steered him out of the office. Susan's brother Bill Henley was standing nearby. With the Governor safely out of earshot, McDougal turned to Henley. "I don't mind the fat little son of a bitch coming by and taking up my time. I just wish he wouldn't ruin my chair...
Rose records don't indicate any Madison Guaranty payments in the immediate months after the meeting between McDougal and the Governor, but the following spring, Hillary scheduled a visit with McDougal, arriving late in the morning of April 23. After his experience in the Governor's office, McDougal wasn't nearly as enamored of Hillary as he had once been, but they were still cordial. After some pleasantries, Hillary mentioned that her husband had suggested she stop by. "Fine," McDougal said. Honoring his commitment made earlier to Bill, he said, "I'm sending you some work...
Hillary suggested Madison Guaranty pay the firm a monthly retainer, and McDougal seemed surprisingly amenable. "Two thousand a month should cover it," he suggested. The details he'd leave to Latham, McDougal added, though he assumed Hillary would be the partner in charge and would get credit within the firm for the business. As he saw it, the whole matter was a favor to the Governor...