Word: mcdougals
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...investigation -- which, at least at the start, presumably will focus on an earlier matter: Did Madison Guaranty, a busted savings and loan, funnel money improperly either into Bill Clinton's Arkansas campaigns or into Whitewater, a real estate venture in which the Clintons were equal partners with James McDougal, the owner of Madison Guaranty, and his former wife Susan...
Like earlier statements, this one only raised new problems. James McDougal has told TIME that Lyons also counted, as a contribution to Whitewater and thus an eventual loss to the Clintons, a check for $20,744.65 that actually represented repayment by Bill Clinton of a personal loan. The loan, says McDougal, was for campaign expenses and had nothing to do with Whitewater. Lindsey insists the loan payment was Whitewater-related but says he does not know exactly how the proceeds were used...
More problems are raised by the Clintons' 1980 tax return (the White House refuses to make public their 1978-79 returns). The 1980 return shows combined gross income of $87,556 and interest payments of $13,350: $4,350 to Citizens Bank, $9,000 to "James McDougal." McDougal says both were for interest incurred in 1978-79, which would bring total interest payments claimed by the Clintons for those years to $35,350, or more than the banks received...
Little Rock -- Jim McDougal is under criminal investigation for his actions as former head of a failed S&L connected to the Whitewater mess. He portrays himself as an innocent victim of thrift regulators, but evidence in an unrelated case in 1988 suggests that he had something on his mind before the regulators arrived. His secretary during this period testified that McDougal "vacated the offices at the S&L building . . . He did not want to be accessible to the examiners to have to answer any questions at that time...
...yellow legal paper. He insisted that he would investigate "any individuals or entities" who had broken federal laws relating in any way to the President's or First Lady's dealings with Whitewater or Madison Guaranty Savings and Loan, the defunct S&L once headed by James McDougal, the Clintons' partner in Whitewater. Over the longer term that could mean trouble for the President, the First Lady or both. Over the shorter term Fiske can only help them by absorbing all questions about the matter into the black hole of a closed-door investigation...